Eagle Ford Rig Count Declines by One

April 17, 2015 Elizabeth Alford

Texas Job Growth Slows — Rig Counts Continue Decline

The Eagle Ford Shale rig count fell by one this week ending at 136 rigs running across our coverage by midday Thursday.

In recent Eagle Ford news, another round of layoffs hit the Texas energy industry early this week as manufacturers and service companies struggle with the global crude collapse.

The U.S. rig count fell another 34 to 954 rigs running as of today. A total of 217 rigs were targeting natural gas (a decrease of eight from the previous week) and 734 were targeting oil in the U.S. (26 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)412 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 near the bottom of this article.

Eagle Ford Oil & Gas Rigs

By Midday Friday, natural gas rigs increased by one, totalling 17 rigs. Natural gas prices increased $.12 from the previous week landing at at $2.63/mmbtu by week’s end. .

The oil rig count fell to 136 rigs this week. WTI oil prices increased $4.10 from the previous week, trading at $55.74/bbl on Friday afternoon.. A total of 140 rigs are drilling horizontal wells, zero rigs are drilling directional wells, and vertical rigs increased to six. Karnes (19), DeWitt (19), and Webb (18) and LaSalle (16), have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

1,400 Uncompleted Wells in the Eagle Ford

Researchers Gather Data in Texas Skies

Texas Economic Index Down

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

Eagle Ford Rig Count Drops to 137

April 10, 2015 Elizabeth Alford

Texas State Flag — Texas Rigs Continue to Decrease

The Eagle Ford Shale rig count fell by 13 this week ending at 137 rigs running across our coverage by midday Thursday.
In recent Eagle Ford news, Mexico plans to move forward on pipeline initiatives that will impact the Eagle Ford in Texas despite low crude prices. The state power company (CFE) has initiated an aggressive construction campaign that includes $3.3 billion to be spent on 12 natural gas and electricity projects.
Read more: More Pipelines Cross Texas-Mexico Border
The U.S. rig count fell another 40 to 988 rigs running as of today. A total of 225 rigs were targeting natural gas (an increase of three from the previous week) and 760 were targeting oil in the U.S. (52 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)427 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 near the bottom of this article.
Eagle Ford Oil & Gas Rigs
Natural gas rigs increased by three and totaled 16 rigs by midday Friday with Natural gas prices decreased $.20 from the previous week landing at at $2.51/mmbtu by week’s end. .
The oil rig count fell to 137 rigs last week. WTI oil prices increased $2.50 from the previous week, trading at $51.64/bbl on Friday afternoon.. A total of 134 rigs are drilling horizontal wells, zero rigs are drilling directional wells, and vertical rigs are at three. Karnes (20), DeWitt (19), and Webb (17)and LaSalle (17), have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by Count

Eagle Ford Shale News

Texas Job Growth Slows
Baker Hughes Closes Another Texas Location
NuStar Announces Open Season
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

Eagle Ford Rig Count Remains Steady

April 3, 2015 Elizabeth Alford

The Eagle Ford Shale rig count remained flat this week ending at 150 rigs running across our coverage by midday Thursday.

In recent Eagle Ford news, the Texas legislature has introduced legislation in both houses that would remove local control over oil and gas activities within cities give it back to the states. The “Denton Fracking Bill” (SB 1165) unanimously passed and asserts that current statutes are already so effective that additional local regulations aren’t necessary.

The U.S. rig count fell another 20 to 1028 rigs running as of today. A total of 211 rigs were targeting natural gas (down 11 from the previous week) and 812 were targeting oil in the U.S. (1 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)456 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

Natural gas rigs saw no change and totals 13 rigs. Natural gas prices decreased $.10 from the previous week at $2.71/mmbtu on Friday afternoon.

The oil rig count remained flat at 137 rigs running by midday. WTI oil prices decreased $.91 from the previous week, trading at $49.14/bbl on Friday afternoon and EF light fell $.25 to $47.75. A total of 144 rigs are drilling horizontal wells, two rigs are drilling directional wells, and vertical rigs are at four. Karnes (24), DeWitt (21), and Webb (19)and LaSalle (17), have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

Chesapeake Before Texas Supreme Court

Oil Export Ban Hurts Eagle Ford

Eagle Ford Gas Headed to Mexico

What is the Rig Count?

Eagle Ford Rigs Down to 153

March 27, 2015 Elizabeth Alford

The Eagle Ford Shale rig count decreased by three to 153 rigs running across our coverage by midday Friday.

In recent Eagle Ford news, TxDOT reveals that Texas oil regions saw a surge in traffic deaths in 2014 including 272 people who died in traffic accidents in the Eagle Ford. Roadways have continued to deteriorate over the past few years as more traffic and heavy trucks damage roads and make for unsafe conditions.

The U.S. rig count fell another 21 to 1048 rigs running as of today. A total of 233 rigs were targeting natural gas (down nine from the previous week) and 814 were targeting oil in the U.S. (41 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)462 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

Natural gas rigs declined by three to 13 rigs by midday Friday. Natural gas prices decreased $.18 from the previous week at $2.61/mmbtu on Friday afternoon.

The oil rig count remained flat at 137 rigs running by midday. WTI oil prices increased $4.33 from the previous week, trading at $50.05/bbl on Friday afternoon and EF light ended up $5.75 at $48.00. A total of 144 rigs are drilling horizontal wells, two rigs are drilling directional wells, and vertical rigs fell to four. Karnes (24), DeWitt (21), and Webb (19)and LaSalle (17), have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

Chesapeake to Reduce Spending by $500 Million

Enlink Midstream Aquires Pipeline Company

Talisman Energy Cuts Jobs

What is the Rig Count?

Eagle Ford Rig Count Down 10

March 20, 2015 Elizabeth Alford

The Eagle Ford Shale rig count decreased by 10 to 153 rigs running across our coverage by midday Friday.

In recent Eagle Ford news, mineral owners are finding they must be extra vigilant to make sure their interests are protected. A four year statute of limitations to correct royalty payment errors has many mineral owners scrambling to make sure they are being treated fairly.

The U.S. rig count fell another 56 to 1069 rigs running as of today. A total of 242 rigs were targeting natural gas (down 15 from the previous week) and 825 were targeting oil in the U.S. (41 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)465 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

Natural gas rigs declined by one to 16 rigs by midday Friday. Natural gas prices increased $.06 from the previous week at $2.79/mmbtu on Friday afternoon.

The oil rig count declined by 15 to 137 rigs running by midday. WTI oil prices increased $.91 from the previous week, trading at $45.72/bbl on Friday afternoon and EF light ended up $1.00 at $42.25. A total of 145 rigs are drilling horizontal wells, two rigs are drilling directional wells, and vertical rigs were at six. Karnes (26), LaSalle, DeWitt (21), and Webb (19) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

Halcón Announces 2014 Earnings

Chesapeake Lawsuit Adds to Legal Trouble

Anadarko Reduces 2015 Spending by 30%