The Eagle Ford Shale rig count dropped this week to its lowest number since April, with 88 rigs running across our coverage area by midday Friday.
In recent Eagle Ford Shale news, Sanchez Energy achieved record production from its Comanche area in Dimmit, LaSalle and Webb Counties.
Sanchez Reduces Spending and Drilling for 2018
A total of 940 oil and gas rigs were running across the United States this week, six less than last week. 180 rigs targeted natural gas (two less than the previous week) and 759 were targeting oil in the U.S. (four 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.
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
Nine rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.89/mmbtu.
79 Eagle Ford rigs were targeting oil with WTI oil prices at $47.87.
A total of 86 rigs are drilling horizontal wells, zero are drilling directional wells and two are vertical.
Karnes County leads activity in the region with 19 rigs in production. See the full list below in the Eagle Ford Shale Drilling by County below.
Eagle Ford Shale Drilling by County
Eagle Ford Shale Rig Count by County-August 25, 2017
Eagle Ford Shale News
Sanchez Reduces Spending and Drilling for 2018
Lonestar's New Eagle Ford Assets Play Significant Role in Growth
RRC Doubles Original Drilling Permits for June 2017
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.
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