Eagle Ford Shale Rig Count Slides Backward to March Levels

November 11, 2017 Elizabeth Alford

After months of increases, the Eagle Ford Shale rig count slid this week to levels not seen since March of this year. 82 rigs were running across our coverage area by midday Friday.

In recent industry news, EOG Resources announced the company's Eagle Ford operations remain resilient and well activity is steady and predictable.

EOG: Eagle Ford Remains Resilient

A total of 907 oil and gas rigs were running across the United States this week, nine more than last week. 169 rigs were targeting natural gas (0 change) and 738 were targeting oil in the U.S. (+9). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 442 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

9 rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $3.21/mmbtu.

73 Eagle Ford rigs were targeting oil with WTI oil prices rising to $56.74.

A total of 77 rigs are drilling horizontal wells, one is drilling a directional well and four 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-November 10 2017

Eagle Ford Shale News

EOG: Eagle Ford Remains Resilient

Oil Prices on the Rise

Eagle Ford Expects Meager Gains in November

New Tech Designed to Get to the Bottom of Texas Earthquakes

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.

Eagle Ford Rig Count Flat as U.S. Total Drops

November 4, 2017 Elizabeth Alford

The Eagle Ford Shale rig count remained flat this week, while U.S. totals dropped by 11. There were 85 rigs running across our coverage area by midday Friday.

In recent industry news, oil prices rose to a two-year high this week with West Texas Intermediate (WTI) crude climbing to $55.64 a barrel.

Oil Prices on the Rise

A total of 898 oil and gas rigs were running across the United States this week, 11 less than last week. 169 rigs were targeting natural gas (- 3) and 729 were targeting oil in the U.S. (-8). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 444 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

8 rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.98/mmbtu.

77 Eagle Ford rigs were targeting oil with WTI oil prices holding at $55.64.

A total of 75 rigs are drilling horizontal wells, three are drilling directional wells and seven are vertical.

Karnes County leads activity in the region with 17 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-November 2 2017

Eagle Ford Shale News

Oil Prices on the Rise

Eagle Ford Expects Meager Gains in November

New Tech Designed to Get to the Bottom of Texas Earthquakes

Railroad Commission Gains New Leadership

What is the Rig Count?

Eagle Ford Shale Rig Count Jumps to 85

October 29, 2017 Elizabeth Alford

The Eagle Ford Shale rig count gained two this week, increasing to 85 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, the Energy Information Administration (EIA) is predicting an increase of 81,000 barrels a day next month for shale drilling, bringing the total output to 6.12 million barrels a day.

Eagle Ford Expects Meager Gains in November

A total of 909 oil and gas rigs were running across the United States this week, four less than last week. 172 rigs were targeting natural gas (- 5) and 737 were targeting oil in the U.S. (+1). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 441 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

8 rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.96/mmbtu.

77 Eagle Ford rigs were targeting oil with WTI oil prices at $53.90.

A total of 75 rigs are drilling horizontal wells, three are drilling directional wells and seven are vertical.

Karnes County leads activity in the region with 16 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-October 27, 2017

Eagle Ford Shale News

Eagle Ford Expects Meager Gains in November

New Tech Designed to Get to the Bottom of Texas Earthquakes

Railroad Commission Gains New Leadership

Sanchez Sells Eagle Ford Acres for $105 Million

What is the Rig Count?

Eagle Ford Shale Rig Count Inches up to 83

October 21, 2017 Elizabeth Alford

The Eagle Ford Shale rig count reversed its recent trend of losses and ended with 83 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, new technology provided by the University of Texas at Austin will monitor seismic activity in real time and allow scientists to learn more about what causes Texas earthquakes.

New Tech Designed to Get to the Bottom of Texas Earthquakes

A total of 913 oil and gas rigs were running across the United States this week, 15 less than last week. 177 rigs were targeting natural gas (- 8) and 736 were targeting oil in the U.S. (-7). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 436 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

8 rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.92/mmbtu.

75 Eagle Ford rigs were targeting oil with WTI oil prices at $51.84.

A total of 74 rigs are drilling horizontal wells, two are drilling directional wells and seven are vertical.

Karnes County leads activity in the region with 17 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-October 21, 2017

Eagle Ford Shale News

New Tech Designed to Get to the Bottom of Texas Earthquakes

Railroad Commission Gains New Leadership

Sanchez Sells Eagle Ford Acres for $105 Million

Texas Oil and Gas Jobs Increase for Seven Straight Months

What is the Rig Count?

Eagle Ford Shale Rig Count Drops to 82

October 15, 2017 Elizabeth Alford

The Eagle Ford Shale rig count dropped by five this week, ending with 82 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Wei Wang will step into a new role as interim executive director of the Texas Railroad Commission effective October 16th.

Railroad Commission Gains New Leadership

A total of 928 oil and gas rigs were running across the United States this week, eight less than last week. 185 rigs were targeting natural gas (- 2) and 743 were targeting oil in the U.S. (-5). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 444 of the rigs active in the U.S. were running in Texas.