Eagle Ford Rig Count Falls to 42

Eagle Ford Rig Counts

The Eagle Ford Shale rig count decreased by four, ending the week with 42 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, the Texas Comptroller announced that low crude prices triggered a 50% severance tax exemption on low producing ‘stripper' wells.

Read more: Tax Breaks for Low Producing Wells

A total of 432 oil and gas rigs were running across the United States this week, which is a drop of 11 over last week. 81 were targeting natural gas (eight more than the previous week) and 351 were targeting oil in the U.S. (three less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)194 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

Natural gas rigs increased in the Eagle Ford remained at five this week as natural decreasing slightly trading at $1.90/mmbtu.

The Eagle Ford rigs targeting oil fell by four this week to 37 with WTI oil prices landing at $40.36,  a 3.57 increase this week. A total of 40 rigs are drilling horizontal wells, zero are drilling directional wells, and two are vertical rigs.

Karnes County continues to lead the region in development with 11 running rigs. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

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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

Texas Rig Count Falls Below 200

Eagle Ford Rig Counts

The Eagle Ford Shale rig count decreased by two, ending the week with 46 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, NASA released new images that show the growth of the region and the total transformation of the landscape over the past few years.

Read more: The View of Eagle Ford Shale from Space

A total of 443 oil and gas rigs were running across the United States this week, which is a drop of seven over last week. 89 were targeting natural gas (one more than the previous week) and 354 were targeting oil in the U.S. (eight less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)197 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

Natural gas rigs increased in the Eagle Ford fell to five this week as natural gas prices remained flat, trading at $1.99/mmbtu.

The Eagle Ford saw an increase in running oil rigs up this week to 41 with WTI oil prices remaining steady and ending the week at $36.79. A total of 43 rigs are drilling horizontal wells, zero are drilling directional wells, and three are vertical rigs.

Karnes County continues to lead the region in development with 11 running rigs. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

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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 Drops below 80

Eagle Ford Rig Counts

The Eagle Ford Shale rig count declined by three this week with 78 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, the U.S. Energy Information Administration (EIA) indicate that volumes from the seven major shale regions in the U.S. will drop by 116,000 barrels a day in February with the Eagle taking the biggest losses.

Read more: Eagle Ford Headed for Big Losses

A total of 650 oil and gas rigs were running across the United States this week. 135 were targeting natural gas (13 less than the previous week) and 515 were targeting oil in the U.S. (one less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)301 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

Natural gas rigs in the Eagle Ford are at five this week as natural gas prices dipped, trading at $2.10/mmbtu, a $.17 decrease from the previous week.

The Eagle Ford oil rig count fell to 73 with WTI oil prices ending the week at $29.42, a decrease of $3.74. A total of 72 rigs are drilling horizontal wells, zero are drilling directional wells, and six are vertical rigs. Karnes County leads the region in development with 18 rigs this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

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Eagle Ford Retailers Hang On

Texas Severance Taxes Fall ~49%

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ZaZA Energy Directors Resign

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 Drops to 81

Eagle Ford Rig Counts

The Eagle Ford Shale rig count declined by six this week with 81 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, congress' action to lift the oil export ban is indeed wonderful news for the Eagle Ford, evidenced by the companies who have moved quickly to get their product out the door.

Read more:First Eagle Ford Crude Ships to Europe

A total of 664 oil and gas rigs were running across the United States this week. 148 were targeting natural gas (14 less than the previous week) and 516 were targeting oil in the U.S. (20 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)308 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

Natural gas rigs in the Eagle Ford are at seven this week as natural gas prices rose slightly, trading at $2.47/mmbtu, a $.14 increase from the previous week.

The Eagle Ford oil rig count fell to 74 with WTI oil prices ending the week at $33.16, a decrease of $4.41. A total of 74 rigs are drilling horizontal wells, one are drilling directional wells, and six are vertical rigs. Karnes County leads the region in development with 18 rigs this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

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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 Falls to 87

Eagle Ford Rig Counts

Due to the holiday, we are releasing the weekly rig count post early. 

The Eagle Ford Shale rig count declined by three this week with 87 rigs running across our coverage area by midday Thursday.

In recent Eagle Ford news, 2015 has been one wild ride for the region as crude prices plummeted, people lost jobs and companies failed.

Read more: Eagle Ford Shale Year in Review

A total of 698 oil and gas rigs were running across the United States this week. 162 were targeting natural gas (same as the previous week) and 536 were targeting oil in the U.S. (two less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)321 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

Natural gas rigs in the Eagle Ford are at nine this week as natural gas prices increased, trading at $2.33/mmbtu, a $.39 increase from the previous week.

The Eagle Ford oil rig count fell to 78 with WTI oil prices ending the week at $37.47, a slight decrease of $0.03. A total of 78 rigs are drilling horizontal wells, one are drilling directional wells, and eight are vertical rigs. Karnes County leads the region in development with 18 rigs this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

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Oil Exports: Good News for Eagle Ford

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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