The Eagle Ford Shale rig count increased by one, ending the week with 87 rigs running across our coverage area by midday Friday.
Rigs across the country have continued to shrink as crude oil prices dropped back into the $40 range this week.
Texas Oil and Gas Jobs Increase
A total of 936 oil and gas rigs were running across the United States this week, four less than last week. 187 rigs were targeting natural gas (- 2) and 748 were targeting oil in the U.S. (-2). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 448 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 $2.86/mmbtu.
78 Eagle Ford rigs were targeting oil with WTI oil prices at $49.29.
A total of 82 rigs are drilling horizontal wells, two are drilling directional wells and three are vertical.
LaSalle 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 6, 2017
Eagle Ford Shale News
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Texas Oil and Gas Jobs Increase for Seven Straight Months
Oil and Gas Production Down Across Texas
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.