U.S. Rig Count Moves Upward; Eagle Ford Stays Flat

U.S. Rig Count Moves Upward; Eagle Ford Stays Flat

The Eagle Ford Shale rig count remained flat this week with34 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Marathon Oil will pay $7320 after failing to conduct performance tests and for exceeding the natural gas production rates by 5.43 million standard cubic feet per day at the company’s Live Oak facility.

Read more:Marathon Fined for Eagle Ford Infractions

A total of 439 oil and gas rigs were running across the United States this week, an increase of 10 over last week. 88 were targeting natural gas (one less than the previous week) and 351 were targeting oil in the U.S. (10 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 201 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

There are six natural gas rigs running across the Eagle Ford, wth natural gas prices dipping this week to $2.80/mmbtu.

The Eagle Ford rigs targeting oil remained at 28 with WTI oil prices dropping to $45.24, a $3.94 decrease this week. A total of 32 rigs are drilling horizontal wells, one is drilling directional wells, and one is vertical.

Karnes County leads development in the region gaining two to 10 rigs running this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

agle Ford Shale News

Eagle Ford Midstream Deal Worth $44 Million

Marathon Fined for Eagle Ford Infractions

Sitton: Frack Ruling Right Decision

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 Counts Continue to Flounder

Eagle Ford Rig Count Falls

The Eagle Ford Shale rig count fell by one this week, ending with34 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, the EIA (U.S. Energy Information Administration) is predicting that production in the Eagle Ford will experience a steep decline in July.

Read more: EIA: Eagle Ford Production Decline to Surpass Other Shale Regions

A total of 430 oil and gas rigs were running across the United States this week, an increase of 10 over last week. 89 were targeting natural gas (one less than the previous week) and 341 were targeting oil in the U.S. (11 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 198 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 slipped to six running across the Eagle Ford, wth natural gas prices increasing on the rise to $2.93/mmbtu.

The Eagle Ford rigs targeting oil remained flat at 28 with WTI oil prices climbing to $49.18, a $1.54 increase this week. A total of 32 rigs are drilling horizontal wells, one is drilling directional wells, and one is vertical.

Karnes County leads development in the region but fell to 8 rigs running this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

agle Ford Shale News

Marathon Fined for Eagle Ford Infractions

EIA: Eagle Ford Production Decline to Surpass Other Shale Regions

Karnes County Receives Gift to Repair Road

Eagle Ford Gas Heads to Mexico in $3.6 Billion Pipeline Deal

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 Slips

Eagle Ford Rig Count Slips

The Eagle Ford Shale rig count fell by two this week, ending with35 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, a newly published ‘threat map’ highlights Eagle Ford counties for being at high risk for exposure to dangerous gas and air pollution.

Read more:Oil & Gas ‘Threat Map’ Pinpoints Millions at Risk in Texas

A total of 420 oil and gas rigs were running across the United States this week, a decrease of three over last week. 90 were targeting natural gas (four more than the previous week) and 330 were targeting oil in the U.S. (seven less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 194 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 rose this week to seven running across the Eagle Ford, wth natural gas prices increasing slightly to $2.67/mmbtu.

The Eagle Ford rigs targeting slipped to 28 with WTI oil prices dipping to $47.64, a $.34 decrease this week. A total of 33 rigs are drilling horizontal wells, zero are drilling directional wells, and two are vertical rigs.

Karnes County leads development in the region with 9 rigs running this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

agle Ford Shale News

Sundance Energy Focuses on Eagle Ford

Japanese Company Buys Eagle Ford Assets

Some Eagle Ford Towns Thriving

Oil & Gas ‘Threat Map’ Pinpoints Millions at Risk in Texas

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 on the Rise

Eagle Ford Rig Count on the Rise

The Eagle Ford Shale rig count rose by four this week, ending with37 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Texas Lt. Gov. Dan Patrick has added his voice of support for Texas LNG Project, allowing more Eagle Ford gas to be shipped overseas.

Read more: Texas LNG Project

A total of 423 oil and gas rigs were running across the United States this week, an increase of 10 over last week. 85 were targeting natural gas (one more than the previous week) and 337 were targeting oil in the U.S. (nine more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 191 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 rose this week to six running across the Eagle Ford, wth natural gas prices also increasing to $2.62/mmbtu.

The Eagle Ford rigs targeting increased to 31 with WTI oil prices dipping to $47.98, a $.46 decrease this week. A total of 33 rigs are drilling horizontal wells, one are drilling directional wells, and thre are vertical rigs.

Karnes County leads development in the region with 9 rigs running this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

agle Ford Shale News

Dan Patrick Adds Support for Texas LNG Project

Eagle Heights Development Takes Flight

TxDOT: $569 Million Needed for Eagle Ford Roads

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 Up for 2nd Week in a Row

Eagle Ford Rig Count Up

The Eagle Ford Shale rig count increase for the second week in a row, ending with 33 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Devon Energy executives reported a solid first quarter with the highest margins coming from their Eagle Ford assets. The company’s focus has them on track to produce cost saving of more than $1 billion this year.

Read more:Devon: Eagle Ford Brings Highest Margins

A total of 413 oil and gas rigs were running across the United States this week, an increase of six over last week. 85 were targeting natural gas (three more than the previous week) and 328 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.) 178 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 rose this week to four running across the Eagle Ford, while natural gas prices increased to $2.59/mmbtu.

The Eagle Ford rigs targeting oil held steady at 29 with WTI oil prices inching up to $48.44, a $.38 increase this week. A total of 31 rigs are drilling horizontal wells, zero are drilling directional wells, and two are vertical rigs.

Karnes County leads development in the region with 9 rigs running 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

Devon: Eagle Ford Brings Highest Margins

More Eagle Ford LNG Headed Abroad

TxDOT: $569 Million Needed for Eagle Ford Roads

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