Eagle Ford Rig Count Unchanged

September 16, 2016 Elizabeth Alford

The Eagle Ford Shale rig count remained flat this week, making it the third week in a row ending with 44 rigs running across our coverage area.

In recent Eagle Ford news, UT’s Bureau of Economic Geology released new and unpublished research this week that shows Eagle Ford companies could potentially recover 10 billion barrels of oil at today’s prices.

A total of 505 oil and gas rigs were running across the United States this week, a decrease of 1 from last week of two. 89 rigs targeted natural gas (three less than the previous week) and 416 were targeting oil in the U.S. (two more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 244 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

5 rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.95/mmbtu.

The Eagle Ford rigs targeting oil were at 39 with WTI oil prices dipping $2.85 to $43.03 .

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

Karnes County continues to lead development this week with nine rigs in operation. 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 Drilling & Completion Report

100 New Jobs for Texas Oil & Gas

Eagle Ford Operator Emerges from Bankruptcy

Billions of Barrels Still Available 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 Flat at 44

September 9, 2016 Elizabeth Alford

The Eagle Ford Shale rig count remained flat this week, ending with 44 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Economist Karr Ingham of the Texas Alliance of Energy Producers says operators across the state have begin to add jobs back for the first time since 2015.

A total of 506 oil and gas rigs were running across the United States this week, an increase of 11 from last week of two. 92 rigs targeted natural gas (four more than the previous week) and 414 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.) 245 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

6 rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.80/mmbtu.

The Eagle Ford rigs targeting oil were at 38 with WTI oil prices gaining $1.44 to $45.88 .

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

Karnes County continues to lead development this week with eight rigs in operation. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

Texas Oil & Gas Industry Challenges Study

100 New Jobs for Texas Oil & Gas

Carrizo Seeks Co-investor for Eagle Ford Deals

UTA: Air Contamination Not Inherent in Fracking

What is the Rig Count?

Read more at bakerhughes.com

Eagle Ford Rig Count Increases to 44

September 2, 2016 Elizabeth Alford

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

In recent Eagle Ford news, a new study focusing on the Eagle Ford Shale Play, finds that air contamination around fracking sites is likely not inherent to the oil and gas extraction process.

A total of 495 oil and gas rigs were running across the United States this week, an increase of eight from last week of two. 88 rigs targeted natural gas (seven more than the previous week) and 407 were targeting oil in the U.S. (one more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 241 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

6 rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.79/mmbtu.

The Eagle Ford rigs targeting oil rose to 38 with WTI oil prices falling $3.20 to $44.44.

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

Karnes County continues to lead devleopment this week with eight rigs in operation. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

UTA: Air Contamination Not Inherent in Fracking

Matador Resources Open to Leaving Eagle Ford

Karnes County Couple Sues Marathon Oil

Lucas Energy Joins Lonestar for Eagle Ford Development

What is the Rig Count?

Read more at bakerhughes.com

Eagle Ford Rig Count Loses 3 Gas Rigs

August 27, 2016 Elizabeth Alford

**Eagle Ford Operators Put Rigs Back Online**

The Eagle Ford Shale rig count fell again this week, ending with40 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Matador Resources CEO, Joseph Foran, said that the company has done virtually no drilling in the Eagle Ford this year and that the area is not as strategic to the company as it has been in the past. He also revealed that the company is open to opportunities to part with some or all of its Eagle Ford assets.

A total of 487 oil and gas rigs were running across the United States this week, a decrease from last week of two. The losses were from rigs targeting natural gas, leaving 81 gas rigs running (two less than the previous week) and 406 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.) 237 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

6 rigs in the region targeted natural gas this week with the commodity trading at $2.87/mmbtu.

The Eagle Ford rigs targeting oil rose to 34 with WTI oil prices dipping $0.88 to $47.64 .

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

Karnes County moved back into the top spot this week with eight rigs in operation. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

Clayton Williams: No Eagle Ford Drilling at $50

Lonestar Resources: Focused on Eagle Ford Shale

Matador Resources Open to Leaving Eagle Ford

Karnes County Couple Sues Marathon Oil

What is the Rig Count?

Read more at bakerhughes.com

Eagle Ford Rig Count Drops as Crude Nears $50

August 19, 2016 Elizabeth Alford

The Eagle Ford Shale rig count fell by two this week, ending with42 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Railroad Commissioner Christi Craddick gave more details on the Texas Oilfield Relief Initiative, a new project designed to make the state’s energy regulatory body more efficient and effective.

A total of 489 oil and gas rigs were running across the United States this week, and increase from last week of 10. 83 were targeting natural gas (same more than the previous week) and 406 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.) 238 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

9 rigs in the region targeted natural gas this week with the commodity trading at $2.57/mmbtu.

The Eagle Ford rigs targeting oil dropped to 33 with WTI oil prices continuing upwards to $48.52, a $4.03 increase this week.

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

For the first time, Karnes County shares the number one spot with Dimmit County, with both running eight rigs this week. See the full list below in the Eagle Ford Shale Drilling by County below.