Eagle Ford Rig Count - 267 - Devon Eagle Ford Budget $1.1 Billion in 2014

March 10, 2014 Kirk Eggleston

The Eagle Ford Shale rig count increased by 1 to 267 rigs running last week.

In recent news, Devon Energy plans on investing $1.1 billion in the Eagle Ford in 2014 and will drill more than 200 wells. The company estimates average net production through October, 2014, of 70,000 – 80,000 boe/d in the play.

The U.S. rig count increased by 23 to 1,792 running last week. A total of 345 rigs are targeting natural gas (10 more than last week) and 1,443 are targeting oil in the U.S. (13 more than last week). The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 864or ~48% of rigs active in the U.S. 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 (222 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

The natural gas rig count increased by seven rigs to 43 running last week. Average rig counts for natural gas production in 2012 were around 82 and then dropped to around 41 in 2013. Last week, the price of natural gas stayed flat at ~$4.60/mmbtu on Friday afternoon.

The oil rig count decreased by 6 to 224 rigs running. WTI oil prices stayed relatively flat, trading at ~$100/bbl by the end of the week. Eagle Ford light crude traded at $99.00/bbl on March 7th.

A total of 235 rigs are drilling horizontal wells, 19 rigs are drilling directional wells, and 13 rigs are drilling true vertical wells. Karnes, La Salle, Dimmit and McMullen counties each have at minimum 26 rigs running. Karnes County has the highest rig count this week at 35. See the full list below in the Eagle Ford Shale Drilling by County:

South Texas Oil & Gas News:

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates.

Eagle Ford Shale Drilling by Count

Eagle 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 Rig Count - 266 - EOG's Eagle Ford Resource Potential Increased by 1 Billion BOE in 2013

February 28, 2014 Kirk Eggleston

The Eagle Ford Shale rig count increased by 2 to 266 rigs running over the past week.

In recent news, EOG Resource’s Eagle Ford resource potential went up 45% to 3.2 billion boe from 2.2 billion boe in 2013. In 2014, EOG will be focusing a large portion of its $8.1 – $8.3 billion capital budget in the Eagle Ford Shale. This decision comes on the heels of increased well productivity and initial production rates in the play in 2013.

The U.S. rig count decreased by 2 to 1,769 running over the past week. A total of 335 rigs are targeting natural gas (7 less than last week) and 1,430 are targeting oil in the U.S. (5 more than last week). The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 844or ~48% of rigs active in the U.S. 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 (221 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

The natural gas rig count increased by one rig to 36 running this past week. Average rig counts for natural gas production in 2012 were around 82 and then dropped to around 41 in 2013. Over the past week, natural gas decreased to $4.61/mmbtu on Friday afternoon.

The oil rig count increased by 1 to 230 rigs running. WTI oil prices stayed relatively flat, trading at ~$102/bbl by the end of the week. Eagle Ford light crude traded at $99.00/bbl on February 26th.

A total of 233 rigs are drilling horizontal wells, 19 rigs are drilling directional wells, and 14 rigs are drilling true vertical wells. Karnes, La Salle, Dimmit and McMullen counties each have at minimum 24 rigs running. LaSalle County has the highest rig count this week at 33. See the full list below in the Eagle Ford Shale Drilling by County:

South Texas Oil & Gas News:

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates.

Eagle Ford Shale Drilling by County

Eagle Ford Operated Rig Count By Company

What is the Rig Count?

Eagle Ford Rig Count - 264 - SM Energy Eagle Ford Oil Production Down Slightly in Q4 - 2013

February 21, 2014 Kirk Eggleston

The Eagle Ford Shale rig count stayed flat at 264 rigs running over the past week.

In recent news, SM Energy completed 95 wells in its operated Eagle For acreage. The company had production of 74,800 boe/d in the Eagle Ford in the fourth-quarter. Although production was at its highest during this time, there was less oil production.

The U.S. rig count increased by 7 to 1,771 running over the past week. A total of 342 rigs are targeting natural gas (5 more than last week) and 1,425 are targeting oil in the U.S. (2 more than last week). The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 846or ~48% of rigs active in the U.S. 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 (221 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

The natural gas rig count decreased by one rig to 35 running this past week. Average rig counts for natural gas production in 2012 were around 82 and then dropped to around 41 in 2013. Over the past week, natural gas increased to $6.13/mmbtu on Friday afternoon.

The oil rig count increased by 1 to 229 rigs running. WTI oil prices stayed relatively flat, trading at $102.11/bbl by the end of the week. Eagle Ford light crude traded at $99.50/bbl on February 20th.

A total of 235 rigs are drilling horizontal wells, 17 rigs are drilling directional wells, and 12 rigs are drilling true vertical wells. Karnes, La Salle, Dimmit and McMullen counties each have at minimum 29 rigs running. LaSalle County has the highest rig count this week at 33. See the full list below in the Eagle Ford Shale Drilling by County:

South Texas Oil & Gas News:

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates.

Eagle Ford Shale Drilling by County

Eagle Ford Operated Rig Count By Company

What is the Rig Count?

Eagle Ford Rig Count - 264 - Pioneer's Eagle Ford Budget Set at $545 Million - 2014

February 14, 2014 Kirk Eggleston

The Eagle Ford Shale rig count stayed flat at 264 rigs running over the past week.

In recent news, Pioneer set a record for its fourth-quarter 2013 production in the Eagle Ford Shale, averaging 40,000 boe/d. That’s up ~14% from 35,000 boe/d in the fourth-quarter of 2012. Pioneer plans to spend $545 million in the Eagle Ford in 2014.

The U.S. rig count decreased by 7 to 1,764 running over the past week. A total of 337 rigs are targeting natural gas (14 less than last week) and 1,423 are targeting oil in the U.S. (7 less than last week). The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 840 or ~48% of rigs active in the U.S. 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 (216 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 one rig to 36 running this past week. Average rig counts for natural gas production in 2012 were around 82 and then dropped to around 41 in 2013. Over the past week, natural gas increased to $5.24/mmbtu on Friday afternoon.

The oil rig count increased by 1 to 228 rigs running. WTI oil prices stayed relatively flat, trading at $100.26/bbl by the end of the week. Eagle Ford light crude traded at $97/bbl on February 13th.

A total of 237 rigs are drilling horizontal wells, 18 rigs are drilling directional wells, and 9 rigs are drilling true vertical wells. Karnes, DeWitt, La Salle, Dimmit and McMullen counties each have at minimum 26 rigs running. LaSalle County has the highest rig count this week at 31. See the full list below in the Eagle Ford Shale Drilling by County:

South Texas Oil & Gas News:

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates.

Eagle Ford Shale Drilling by County

Eagle Ford Operated Rig Count By Company

What is the Rig Count?

Eagle Ford Rig Count - 264 - Conoco Increases Eagle Ford Production 58% in 2013 - February 7, 2014

February 7, 2014 Kirk Eggleston

The Eagle Ford Shale rig count increased by two rigs to 264 running over the past week.

In recent news, ConocoPhillips (COP) increased production in the Eagle Ford by 58% to 141,000 boe/d. In 2014, COP will spend $4.3 billion on the Eagle Ford, Bakken and Niobrara Shale plays.

The U.S. rig count decreased by 14 to 1,771 running over the past week. A total of 351 rigs are targeting natural gas (7 less than last week) and 1,416 are targeting oil in the U.S. (6 less than last week). The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 845 or ~48% of rigs active in the U.S. 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 (214 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 one rig to 37 running this past week. Average rig counts for natural gas production in 2012 were around 82 and then dropped to around 41 in 2013. Over the past week, natural gas decreased slightly to $4.77/mmbtu on Friday afternoon.

The oil rig count increased by 2 to 227 rigs running. WTI oil prices increased slightly, trading at $100.07/bbl by the end of the week. Eagle Ford light crude traded at $96.25/bbl on February 7th.

A total of 235 rigs are drilling horizontal wells, 18 rigs are drilling directional wells, and 11 rigs are drilling true vertical wells. Karnes, DeWitt, La Salle, Dimmit and McMullen counties each have at minimum 26 rigs running. LaSalle County has the highest rig count this week at 30. See the full list below in the Eagle Ford Shale Drilling by County:

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