Eagle Ford Rig Count Falls to 163

March 14, 2015 Elizabeth Alford

The Eagle Ford Shale rig count decreased by 11 to 163 rigs running across our coverage by midday Friday.

In recent Eagle Ford news, it is predicted that several states will face a serious economic fallout from the drastic drop in prices. As the largest oil producing state in the country, Texas surely will feel the effects. But, exactly how are low oil prices affecting the Texas economy? As it turns out, Texas may not be as vulnerable as first imagined.

The U.S. rig count fell another 72 to 1192 rigs running as of today. A total of 268 rigs were targeting natural gas (down 12 from the previous week) and 922 were targeting oil in the U.S. (64 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).501 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 near the bottom of this article.

Eagle Ford Oil & Gas Rigs

Natural gas rigs declined by one to 21 rigs by midday Friday. Natural gas prices decreased by $.09 from the previous week at $2.72/mmbtu on Friday afternoon.

The oil rig count declined by 11 to 163 rigs running by midday. WTI oil prices decreased by $4.37 from the previous week, trading at $44.81/bbl on Friday afternoon and EF light ended at $41.25. A total of 152 rigs are drilling horizontal wells, two rigs are drilling directional wells, and vertical rigs lost were at 9. Karnes (29), LaSalle (20), DeWitt (19), and Webb (19) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

Eagle Ford Production Expected to Decline

Sanchez Energy CFO Steps Down

Abraxas Reports Best Year on Record

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.

For more information visit bakerhughes.com

Eagle Ford Rig Count Falls to 174

March 6, 2015 Elizabeth Alford

The Eagle Ford Shale rig count decreased by 14 to 174 rigs running across our coverage by midday Friday.

In recent Eagle Ford news, Swift Energy reported a net loss for the fourth quarter of 2014 of $10.9 million, compared to a net income of $4.7 million in the same quarter in 2013. The company anticipates it will slash 2015 spending by an astonishing 70%.

The U.S. rig count fell another 72 to 1192 rigs running as of today. A total of 268 rigs were targeting natural gas (down 12 from the previous week) and 922 were targeting oil in the U.S. (64 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).538 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

Natural gas rigs declined to 22 rigs by midday. Natural gas prices decreased by $.12 from the previous week at $2.82/mmbtu on Friday afternoon.

The oil rig count declined by 14 to 172 rigs running by midday. WTI oil prices decreased by $1.32 from the previous week, trading at $49.18/bbl on Friday afternoon. A total of 160 rigs are drilling horizontal wells, three rigs are drilling directional wells, and vertical rigs lost one for a total of 11. Karnes (31), DeWitt (19), and Dimmit (18) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

Sanchez Energy Ends Year Strong

Shopping for Good Deals at NAPE

Marathon Oil Reduces Budget Again

What is the Rig Count?

Eagle Ford Rig Count Continues Decline

March 2, 2015 Elizabeth Alford

The Eagle Ford Shale rig count decreased by four to 188 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, Devon Energy announced it finished an outstanding year as it rebounded from a $20 million net loss in 2013 to end 2014 with net earnings of $1.6 billion. The company's Q4 total production rose 20% to 239,000 barrels per day, which represents a 48% increase from 2013.

The U.S. rig count fell another 43 to 1267 rigs running by the end of last week. A total of 280 rigs were targeting natural gas (down nine from the previous week) and 986 were targeting oil in the U.S. (33 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc).570 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 (181 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

Natural gas increased to 24 rigs running by the end of yesterday. Natural gas prices decreased by $.22 from the previous week at $2.72/mmbtu on Friday afternoon.

The oil rig count decreased by four to 188 rigs running by the end of last week. WTI oil prices decreased by $1.66 from the previous week, trading at $48.84/bbl on Friday afternoon. A total of 173 rigs are drilling horizontal wells, three rigs are drilling directional wells, and vertical rigs remained at 12 total. Karnes (28), Dimmit (22), and DeWitt (22) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

EOG Reduces Eagle Ford Wells for 2015

Rosetta Resources Sets Two Year Plan

Bradleys, Inc. Earns Prestigious TECO-Westinghouse Blue Diamond Award

What is the Rig Count?

Eagle Ford Rig Count Falls to 192

February 20, 2015 Elizabeth Alford

Matador Pulling Two Rigs in the Eagle Ford in 2015 — Eagle ford rig counts

The Eagle Ford Shale rig count decreased by four to 192 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, Chesapeake Energy filed a lawsuit against American Energy Partners. The suit alleges former CEO Aubrey McClendon stole confidential documents including maps of oil and gas prospects before leaving the company in 2013.

The U.S. rig count fell another 48 to 1310 rigs running by the end of last week. A total of 289 rigs were targeting natural gas (down 11 from the previous week) and 1019 were targeting oil in the U.S. (37 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 576 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

Natural gas remained flat at 22 rigs running by the end of yesterday. Natural gas prices increased by $.14 from the previous week at $2.94/mmbtu on Friday afternoon.

The oil rig count decreased by four to 192 rigs running by the end of last week. WTI oil prices decreased by $2.14 from the previous week, trading at $50.50/bbl on Friday morning. A total of 177 rigs are drilling horizontal wells, three rigs are drilling directional wells, and vertical rigs increased by three to 12 total. Karnes (28), Dimmit (24), and DeWitt (23) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below

Eagle Ford Shale Drilling by County

Eagle Ford Shale News

Apache Corp Reports Q4 Losses

Repsol to Aquire Talisman Energy

NAPE Energy Summit 2015

What is the Rig Count?

Eagle Ford Shale Rigs Down to 196

February 13, 2015 Elizabeth Alford

The Eagle Ford Shale rig count decreased by five to 196 rigs running across our coverage area by the end of last week.

In recent Eagle Ford news, ConocoPhillips announced fourth quarter results for the 2014 and updated its capex plans for the coming year. Though production is expected to remain high, 2015 projections include a cut in spending for the Eagle Ford.

The U.S. rig count fell another 98 to 1358 rigs running by the end of last week. A total of 300 rigs were targeting natural gas (down 14 from the previous week) and 1056 were targeting oil in the U.S. (84 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.).598 of the rigs active in the U.S. were running in Texas.

Eagle Ford Oil & Gas Rigs

Natural gas increased by three to 22 rigs running by the end of last week. Natural gas prices increased by $.22 from the previous week at $2.80/mmbtu on Friday afternoon.

The oil rig count decreased by five to 196 rigs running by the end of last week. WTI oil prices increased by $.95 from the previous week, trading at $52.64/bbl on Friday afternoon. A total of 185 rigs are drilling horizontal wells, two rigs are drilling directional wells, and nine rigs are drilling vertical wells. Karnes (31), Dimmit (25), and DeWitt (23) have the highest rig counts this week. See the full list below in the Eagle Ford Shale Drilling by County below