Eagle Ford Gains One Rig this Week

August 13, 2016 Elizabeth Alford

The Eagle Ford Shale rig count gained one, ending the week ending with 44 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, a group of citizens from one Nordheim is suing the Texas Railroad Commission over plans for a waste site in their community.

A total of 479 oil and gas rigs were running across the United States this week, and increase from last week of17. 83 were targeting natural gas (two more than the previous week) and 396 were targeting oil in the U.S. (15 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 230 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

10 rigs in the region targeted natural gas this week with the commodity trading at $2.60/mmbtu.

The Eagle Ford rigs targeting oil dropped to 34 with WTI oil prices inching to $44.49, a $2.83 increase this week.

A total of 37 rigs are drilling horizontal wells, one is drilling directional wells and six are vertical.

Karnes County leads development in the region with eight 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

Texas Oilfield Relief Initiative Takes Shape

EOG Boasts 2,000 Eagle Ford Locations

Nordheim Citizens Sue Texas Railroad Commission

Chesapeake to Run 3 Rigs in the Eagle Ford

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 Increases to 43

August 5, 2016 Elizabeth Alford

The Eagle Ford Shale gained five rigs this week, ending with 43 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, the Texas oil and gas industry continues to shrink with drillers laying off to 1 in 5 employees since last June, But one analyst says that trend may be slowing.

A total of 462 oil and gas rigs were running across the United States this week, up two from last week. 81 were targeting natural gas (five less than the previous week) and 381 were targeting oil in the U.S. (seven more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 217 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

Eight rigs are targeting natural gas in the Eagle Ford this week with natural gas trading at $2.78/mmbtu.

The Eagle Ford rigs targeting oil increased to 35 with WTI oil prices inching to $41.66, a $.06 decrease this week.

A total of 38 rigs are drilling horizontal wells, one is drilling directional wells and four are vertical.

Karnes County leads development in the region with eight 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

Newfield to Sell Eagle Ford Assets

Sundance Gains McMullen County Property

Oil & Gas Job Cuts Maybe Slowing

Anadarko: No Drilling in the Eagle Ford for Q2

What is the Rig Count?

Read more at bakerhughes.com

Eagle Ford Rig Count Drops

July 30, 2016 Elizabeth Alford

The Eagle Ford Shale rig count fell this week, ending with 38 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Encana Corporation released 2016 second quarter earnings, announcing they one of the lowest cost, highest performing operators in the Eagle Ford Shale Play.

A total of 460 oil and gas rigs were running across the United States this week, up one from last week. 86 were targeting natural gas (two less than the previous week) and 374 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.) 214 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

There rigs targeting natural gas in the Eagle Ford increased to eight as natural gas traded a bit higher at $2.88/mmbtu.

The Eagle Ford rigs targeting oil increased at 30 with WTI oil prices dipping to $41.60, a $2.59 decrease this week.

A total of 34 rigs are drilling horizontal wells, one is drilling directional wells, and three is vertical.

Karnes County leads development in the region with eight 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

Baytex Energy Reduces Eagle Ford Spending

Eagle Ford Companies Struggle as Bankruptcies Soar

Anadarko: No Drilling in the Eagle Ford for Q2

Energy Hunter Resources Moves into Karnes County

What is the Rig Count?

Read more at bakerhughes.com

Eagle Ford Shale Rig Count Back in the 40’s

July 23, 2016 Elizabeth Alford

The Eagle Ford Shale rig count continued its climb this week with 40 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, two more Eagle Ford companies are showing signs of trouble as Texas oil and gas bankruptcies skyrocket.

A total of 459 oil and gas rigs were running across the United States this week, up 13 over last week. 88 were targeting natural gas (one less than the previous week) and 371 were targeting oil in the U.S. (14 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 217 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

There rigs targeting natural gas remained flat in the Eagle Ford at six as natural gas traded a bit higher at $2.78/mmbtu.

The Eagle Ford rigs targeting oil increased at 34 with WTI oil prices dipping to $44.19, a $1.76 decrease this week.

A total of 35 rigs are drilling horizontal wells, one is drilling directional wells, and four 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

EIA: Natural Gas Consumption on the Rise

Eagle Ford Companies Struggle as Bankruptcies Soar

Energy Hunter Resources Moves into Karnes County

David Porter: Obama a ‘Mouthpiece for Propaganda’

What is the Rig Count?

Read more at bakerhughes.com

Eagle Ford Operators Put Rigs Back Online

July 16, 2016 Elizabeth Alford

The Eagle Ford Shale rig count gained two this week with36 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, a recent report shows that Texas has been hit specifically hard with oil and gas bankruptcies, with more that half (25) of the 2016 filing being initiated in Texas courts. The combined total Texas bankruptcy filings for 2015-16 is 43, representing approximately $29 billion in cumulative debt.

A total of 446 oil and gas rigs were running across the United States this week, up seven over last week. 89 were targeting natural gas (one more than the previous week) and 357 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.) 202 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

There are six natural gas rigs running across the Eagle Ford, wth natural gas prices dipping this week to $2.76/mmbtu.

The Eagle Ford rigs targeting oil increased at 30 with WTI oil prices rising to $45.95, a $.71 increase this week. A total of 32 rigs are drilling horizontal wells, one is drilling directional wells, and three 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

David Porter: Obama a ‘Mouthpiece for Propaganda’

Texas Oil & Gas Bankruptcies Lead Pack

Abraxas to Drill in Atascosa County

Energy Hunter Resources Moves into Karnes County

What is the Rig Count?

Read more at bakerhughes.com