Eagle Ford Rig Count Falls Below 70

Eagle Ford Rig Counts

The Eagle Ford Shale rig count fell by five this week with 68 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, the Texas Work Force Commission announced that new layoffs in the oil and gas industry will total over 539 jobs, adding to the strain of the current downturn.

Read more: More Job Cuts for Texas

A total of 571 oil and gas rigs were running across the United States this week, which is a drop of 48 over last week. 104 were targeting natural gas (17 less than the previous week) and 467 were targeting oil in the U.S. (31 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)262 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 in the Eagle Ford are at five this week as natural gas prices declined, trading at $2.04/mmbtu, a $.36 decrease from the previous week.

The Eagle Ford oil rigs dropped to 63 with WTI oil prices ending the week at $31.32, a decrease of $4.67. A total of 64 rigs are drilling horizontal wells, zero are drilling directional wells, and four are vertical rigs.

Karnes County leads the region in development with 15 rigs 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

NuStar Reports Record Earnings

More Job Cuts for Texas

Murphy Oil to Spend $340 in Eagle Ford in 2016

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

Eagle Ford Rig Counts

The Eagle Ford Shale rig count remained flat this week with 74 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Juan Martin Bernal of Eagle Pass was sentenced to 21 months in federal prison for his role in stealing $1.4 million in Eagle Ford Shale oil. Bernal was one of three defendants who pleaded guilty to one count of theft from an interstate shipment.

Read more: Eagle Ford Oil Thief Behind Bars

A total of 619 oil and gas rigs were running across the United States this week. 121 were targeting natural gas (six less than the previous week) and 498 were targeting oil in the U.S. (12 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)281 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 in the Eagle Ford are at two this week as natural gas prices climbed, trading at $2.30/mmbtu, a $.16 increase from the previous week.

The Eagle Ford oil rig stayed at 71 with WTI oil prices ending the week at $35.99, an increase of $3.81. A total of 68 rigs are drilling horizontal wells, zero are drilling directional wells, and six are vertical rigs. Karnes County leads the region in development with 18 rigs 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

Eagle Ford Production Up Slightly

Oilfield Waste is Still Big Business

Abraxas’ Leadership Team Cuts Pay

Eagle Ford Oil Thief Behind Bars

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 74

Eagle Ford Rig Counts

The Eagle Ford Shale rig count declined by four this week ending with 74 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, the Energy Information Administration (EIA) reported that in 2017, natural gas exports will surpass imports for the first time since 1955. With hundreds of miles of natural gas pipelines heading from the Eagle Ford and Permian Basin to the Gulf Coast, the liquefied natural gas industry is poised to deliver the majority of those exports.

Read more:Natural Gas Will be a Boom for Eagle Ford Companies

A total of 637 oil and gas rigs were running across the United States this week. 127 were targeting natural gas (eight less than the previous week) and 510 were targeting oil in the U.S. (five less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)294 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 in the Eagle Ford are at two this week as natural gas prices dipped, trading at $2.14/mmbtu, a $.04 increase from the previous week.

The Eagle Ford oil rig count fell to 72 with WTI oil prices ending the week at $32.19, an increase of $2.77. A total of 72 rigs are drilling horizontal wells, zero are drilling directional wells, and six are vertical rigs. Karnes County leads the region in development with 18 rigs 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

Eagle Ford Counties Lead Production

Iranian Oil and Crude Prices

BHP Writes Down Billions

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 below 80

Eagle Ford Rig Counts

The Eagle Ford Shale rig count declined by three this week with 78 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, the U.S. Energy Information Administration (EIA) indicate that volumes from the seven major shale regions in the U.S. will drop by 116,000 barrels a day in February with the Eagle taking the biggest losses.

Read more: Eagle Ford Headed for Big Losses

A total of 650 oil and gas rigs were running across the United States this week. 135 were targeting natural gas (13 less than the previous week) and 515 were targeting oil in the U.S. (one less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)301 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 in the Eagle Ford are at five this week as natural gas prices dipped, trading at $2.10/mmbtu, a $.17 decrease from the previous week.

The Eagle Ford oil rig count fell to 73 with WTI oil prices ending the week at $29.42, a decrease of $3.74. A total of 72 rigs are drilling horizontal wells, zero are drilling directional wells, and six are vertical rigs. Karnes County leads the region in development with 18 rigs 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

Eagle Ford Retailers Hang On

Texas Severance Taxes Fall ~49%

Eagle Ford Headed for Big Losses

ZaZA Energy Directors Resign

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 81

Eagle Ford Rig Counts

The Eagle Ford Shale rig count declined by six this week with 81 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, congress' action to lift the oil export ban is indeed wonderful news for the Eagle Ford, evidenced by the companies who have moved quickly to get their product out the door.

Read more:First Eagle Ford Crude Ships to Europe

A total of 664 oil and gas rigs were running across the United States this week. 148 were targeting natural gas (14 less than the previous week) and 516 were targeting oil in the U.S. (20 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)308 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 in the Eagle Ford are at seven this week as natural gas prices rose slightly, trading at $2.47/mmbtu, a $.14 increase from the previous week.

The Eagle Ford oil rig count fell to 74 with WTI oil prices ending the week at $33.16, a decrease of $4.41. A total of 74 rigs are drilling horizontal wells, one are drilling directional wells, and six are vertical rigs. Karnes County leads the region in development with 18 rigs 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

Baytex Energy to Focus on Eagle Ford in 2016

Swift Energy Files Chapter 11

Eagle Ford Shale Year in Review 2015

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