The Eagle Ford Shale rig count fell this week to 89 rigs running across our coverage area by midday Friday.
In recent Eagle Ford Shale news, the Texas Railroad Commission (RRC) reported that original drilling permits for the state increased from 656 in June 2016, to 1,305 in June 2017.
RRC Doubles Original Drilling Permits for June 2017
A total of 949 oil and gas rigs were running across the United States this week, five less than last week. 181 rigs targeted natural gas (eight less than the previous week) and 768 were targeting oil in the U.S. (three more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 459 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
Seven rigs in the Eagle Ford region targeted natural gas this week with the commodity trading lower at $2.98/mmbtu.
82 Eagle Ford rigs were targeting oil with WTI oil prices at $48.82.
A total of 84 rigs are drilling horizontal wells, zero are drilling directional wells and five are vertical.
Karnes County leads activity in the region with 17 rigs in production. See the full list below in the Eagle Ford Shale Drilling by County below.
Eagle Ford Shale Drilling by County
Eagle For Rig Count by County-August 4, 2017
Eagle Ford Shale News
RRC Doubles Original Drilling Permits for June 2017
Penn Virginia Increases Eagle Ford Acreage & Drilling
Baytex: Eagle Ford Producing Best Well Results to Date
Study: Oil and Gas Still Essential to Eagle Ford Shale Economy
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.