Texas Rig Count Falls Below 200

Eagle Ford Rig Counts
Eagle Ford Rig Counts

The Eagle Ford Shale rig count decreased by two, ending the week with 46 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, NASA released new images that show the growth of the region and the total transformation of the landscape over the past few years.

Read more: The View of Eagle Ford Shale from Space

A total of 443 oil and gas rigs were running across the United States this week, which is a drop of seven over last week. 89 were targeting natural gas (one more than the previous week) and 354 were targeting oil in the U.S. (eight less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)197 of the rigs active in the U.S. were running in Texas.

Baker Hughes reports its own Eagle Ford Rig Count that covers the 14 core counties. The rig count published on EagleFordShale.com includes a 30 county area impacted by Eagle Ford development. A full list of the counties included can be found in the table below.

Eagle Ford Oil & Gas Rigs

Natural gas rigs increased in the Eagle Ford fell to five this week as natural gas prices remained flat, trading at $1.99/mmbtu.

The Eagle Ford saw an increase in running oil rigs up this week to 41 with WTI oil prices remaining steady and ending the week at $36.79. A total of 43 rigs are drilling horizontal wells, zero are drilling directional wells, and three are vertical rigs.

Karnes County continues to lead the region in development with 11 running rigs. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

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What is the Rig Count?

The Eagle Ford Shale Rig Count is an index of the total number of oil & gas drilling rigs running across a 30 county area in South Texas. The South Texas rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Eagle Ford formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count.

Read more at bakerhughes.com