Eagle Ford Shale Rig Count Drops to 83
The Eagle Ford Shale rig count slipped this week to 83 rigs running across our coverage area by midday Friday.
In recent industry news, production of oil, gas, and condensate in the state of Texas is continuing to decline, according to the Texas Railroad Commission(RRC).
Oil and Gas Production Declines Across Texas
A total of 930 oil and gas rigs were running across the United States this week, one less than last week. 183 rigs were targeting natural gas (+3) and 747 were targeting oil in the U.S. (-4). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 457 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
8 rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.61/mmbtu.
75 Eagle Ford rigs were targeting oil with WTI oil prices at $57.30.
A total of 80 rigs are drilling horizontal wells, zero are drilling directional and three 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-December 15, 2017
Eagle Ford Shale News
Oil and Gas Production Declines Across Texas
Oil and Gas Operators Fined $11,077,280 in 2017
EPA Commends Texas for Protecting Water
Eagle Ford Groundwater Contains Harmful Bacteria
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.