Eagle Ford Regional Rig Count 271 - Halliburton Grand Opening - Sept 20, 2013

September 20, 2013 R.T. Dukes

Halliburton Administrative Office - San Antonio

The Eagle Ford Shale rig countdecreased by one rig from 272 to 271 running this past week. Many in South Texas spent time in San Antonio or in Corpus Christi this week at the two major conferences. Let us know if you had a good time or heard anything interesting in the comments below.

Halliburton officially opened the company's 150-acre San Antonio operations center. The new office includes over 400,000 square feet of buildings and has the capacity to employ 1,500 people. Read more in the article Halliburton Opens San Antonio Operations Center

The U.S. rig count fell seven rigs from 1,768 to 1,761 running this past week. A total of 386 rigs are targeting natural gas (15 less than last week) and 1,369 are targeting oil in the U.S. The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 836 rigs are running in Texas.

Baker Hughes rig count is quoted here. Baker Hughes also releases its own Eagle Ford Rig Count that covers the 14 core counties (~232 rigs). 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 near the bottom of this article.

Eagle Ford Oil & Gas Rigs

[ic-l]The natural gas rig count fell from 43 to 39 rigs running over the past week. Natural gas prices held virtually flat during the week and futures were trading around $3.70/mmbtu on Friday afternoon.

The oil rig count increased by three rigs from 228 to 231 running. WTI oil prices were trading just below $105/bbl. Oil prices have been above $100 for 11 weeks, but are off the highs above $110/bbl. Eagle Ford light crude traded at $101.25/bbl on Sept 20th.

A total of 229 rigs are drilling horizontal wells, 29 rigs are drilling directional wells, and 13 rigs are drilling true vertical wells. McMullen and Karnes counties lead development with 36 and 33 rigs running, respectively. See the full list of drilling by county below.

South Texas Oil & Gas News:

Also read Devorah Fox's contribution Truck Driving in the Eagle Ford

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates or sign up for alerts - Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by County

agle Ford Operated Rig Count By Company

SmithBits no longer reports its operated rig count, but we'll have updated number for you from a new source soon. Until then, you can reference our numbers from mid-April. There has not been a significant change in the overall rig count since this date:

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 and/or Smith Service Co's (Schlumberger) Smith Rig Count.

Eagle Ford Regional Drilling at 272 Rigs - Sept 13, 2013

September 13, 2013 R.T. Dukes

Marathon Oil Eagle Ford Acreage Map & Improving Well Performance

The Eagle Ford Shale rig countincreased by five rigs to 272 running this past week. I suspect high levels of activity and hundred dollar oil mean local events will be popular next week.

There are two big events coming up - DUG Eagle Ford in San Antonio and the South Texas Oilfield Expo in Corpus Christi. Contact Us here and let us know if you plan to attend. We'll stop by your booth to introduce ourselves. We've also written an article to help you maximize the value of your time spent at the events:

5 Tips for Making the Most Out of an Oil & Gas Conference & EXPO

The U.S. rig count increased 1 rig to 1,768 running this past week. A total of 401 rigs are targeting natural gas and 1,361 are targeting oil in the U.S. The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). This week marks the first time the natural gas rig count has been above 400 since March. 850 rigs are running in Texas.

Baker Hughes rig count is quoted here. Baker Hughes also releases its own Eagle Ford Rig Count that covers the 14 core counties (~234 rigs). 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 near the bottom of this article.

Eagle Ford Oil & Gas Rigs

[ic-l]The natural gas rig count held flat at 43 rigs. Natural gas futures were trading around $3.70/mmbtu on Friday afternoon. That's up 5% over last week.

The oil rig count increased by five rigs to settle at 228 running in the region. WTI oil prices were trading near $108/bbl. Prices were down on news Syria might hand over chemical weapons, but held near highs. Oil prices have held above $100/bbl for ten weeks straight. Eagle Ford light crude traded at $105/bbl on Sept 12th.

A total of 224 rigs are drilling horizontal wells, 32 rigs are drilling directional wells, and 16 rigs are drilling true vertical wells. Karnes and McMullen counties lead development with 38 and 34 rigs running, respectively. See the full list of drilling by county below.

South Texas Oil & Gas News:

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates or sign up for alerts - Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by County

Eagle Ford Operated Rig Count By Company

What is the Rig Count?

Eagle Ford Regional Rig Count 267 - Area Tops For Deals - Sept 6, 2013

September 6, 2013 R.T. Dukes

The Eagle Ford Shale rig count decreased by two rigs to average 267 running over the past week. Operators largely have development plans in place through the remainder of the year, but don't be surprised to see additional rigs from companies who benefit from $110 oil.

We also highlighted news this week the Eagle Ford came out on top in another list. PWC ranked the Eagle Ford as the most active area for deals in the second quarter. The deal market has been slower across the board, but assets are still changing hands in South Texas. Read more in the article Eagle Ford Region Most Active For Deals. PWC ranked the Eagle Ford, Bakken, and Marcellus as the top three areas for deals.

The U.S. rig count fell nine rigs to 1,767 and more rigs moved to drilling natural gas. A total of 394 rigs are targeting natural gas and 1,365 are targeting oil in the U.S. The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 838 rigs are running in Texas.

Baker Hughes rig count is quoted here. Baker Hughes also releases its own Eagle Ford Rig Count that covers the 14 core counties (~231 rigs). 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 near the bottom of this article.

Eagle Ford Oil & Gas Rigs

[ic-l]The natural gas rig count decreased by 1 to 43 rigs. With the spread of oil prices to natural gas widening, I don't expect to see a big jump in natural gas activity in the $3.50/mcf price range. Natural gas futures were trading around $3.50/mmbtu on Friday afternoon.

The oil rig count decreased by one rig to 223 running in the region. WTI oil prices were trading above $110/bbl and have held above $100 for nine weeks. Oil prices have been above $100 long enough we'll likely begin seeing operators react to higher cash flow. Generally, there's a lag of 60-90 days before operators react to significant commodity price changes. Expect to see operators add rigs in the region or pay down debt. Eagle Ford light crude traded at $104.75/bbl on Sept 5th.

A total of 220 rigs are drilling horizontal wells, 32 rigs are drilling directional wells, and 15 rigs are drilling true vertical wells. Karnes and McMullen counties lead development with 36 and 32 rigs running, respectively. See the full list of drilling by county below.

South Texas Oil & Gas News:

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates or sign up for alerts - Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by County

Eagle Ford Operated Rig Count By Company

What is the Rig Count?

Eagle Ford Shale Rig Count 269 - EOG Loses Well Control - Aug 30, 2013

August 30, 2013 R.T. Dukes

Eagle Ford Well Blowout Near Petersville

The Eagle Ford Shale rig count decreased by four to average 269 rigs running over the past week. Thankfully, no one was hurt, but there is one less Nabors rig working in the region. Crews lost well control and experienced a blowout while working on an Eagle Ford well being drilled in Petersville, TX, near Shiner and Yoakum. The well is operated by EOG Resources. Everyone was accounted for and no injuries were reported.

The U.S. rig count was flat at 1,776, but several rigs moved from drilling natural gas to oil. A total of 380 rigs are targeting natural gas and 1,388 are targeting oil in the U.S. The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 846 rigs are running in Texas.

*Note* Now quoting Baker Hughes. Baker Hughes also releases its own Eagle Ford Rig Count that covers the 14 core counties (~231 rigs). 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 near the bottom of this article.

Eagle Ford Oil & Gas Rigs

[ic-l]The natural gas rig count increased by four to reach 44 rigs. We're talking small numbers, but that's still up almost 50% from the low near 30 seen in April and June. Natural gas futures were trading around $3.60/mmbtu on Friday afternoon.

The oil rig count decreased by nine rigs to 224 running in the region. WTI oil prices were trading near $108/bbl and have held above $100 for eight weeks. Eagle Ford light crude traded at $104/bbl on August 30th.

A total of 219 rigs are drilling horizontal wells, 36 rigs are drilling directional wells, and just 14 rigs are drilling true vertical wells. Karnes and McMullen counties lead development with 35 and 34 rigs running, respectively. See the full list of drilling by county below.

South Texas Oil & Gas News:

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates or sign up for alerts - Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by County

agle Ford Operated Rig Count By Company

What is the Rig Count?

Eagle Ford Well Blowout Near Petersville - EOG & Nabors

August 29, 2013 R.T. Dukes

A rig owned by Nabors was working on a horizontal Eagle Ford well for EOG Resources when well control was lost and the well blew out around 7 pm Wednesday. DrillingAhead reported comments that Halliburton employees were onsite at the time of the blow out as well.

The well is located just off State HWY 111 and FM 966 near Petersville, TX, south of Shiner and west of Yoakum in Lavaca County.

All workers have been accounted for and no injuries were reported.

Wild Well Control was called in to bring the well under control. The fire will likely burn for several days and it is too early to know the cause of the blowout. EOG did issue a statement:

“EOG is assembling well-control experts and specialized equipment to safely control the well and extinguish the fire,” Leonard, an EOG representative, said. “The company’s priorities remain constant: protect the safety of those responding to the incident, neighbors in the area and the environment.”

If you have more information or photos from the well blow out, please share in the comments below or email them to rtdukes at eaglefordshale.com