Texas Rig Count Rises, Eagle Ford Gains 1

The Eagle Ford Shale rig count inched up this week, with our data showing 71 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Pioneer Natural Resources announced they will spend $95 million in the Eagle Ford Shale in 2017, including plans to complete 20 wells. 

Read more: Pioneer to Resume Eagle Ford Drilling

A total of 753 oil and gas rigs were running across the United States this week, 11 more than last week. 153 rigs targeted natural gas (4 more than the previous week) and 597 were targeting oil in the U.S. (six more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 378 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

Six rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.83/mmbtu.

65 Eagle Ford rigs were targeting oil with WTI oil prices dipping slightly to $53.40 

A total of 64 rigs are drilling horizontal wells, two are drilling directional wells and three are vertical.

Karnes County leads this week with 15 rigs in production. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale Rig Count by County

Eagle Ford Shale Rig Count by County

Eagle Ford Shale News

Noble Energy 'Rapidly Accelerating' 2017 Development

RRC Prepares for More Oil and Gas Drilling

Pioneer Will Resume Eagle Ford Drilling

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.