Eagle Ford Rig Count Continues to Decline

Eagle Ford Rig Counts

The Eagle Ford Shale rig count fell this week to 107 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, a new report shows that the Eagle Ford’s Frio County came in at the fifth spot in new job growth and boasts an impressive 1,100 new oil and gas jobs for its small population of 18,500 people.

Read more: Texas Counties Dominate Job Growth

The U.S. rig count fell by 13 this week, ending with 864 rigs running by midday Friday.  A total of 202 rigs were targeting natural gas (same as previous week) and 662 were targeting oil in the U.S. (13 less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)375 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 in the Eagle Ford increased to 15 this week as natural gas prices traded at $2.66/mmbtu, a $.05 decrease from the previous week.

The oil rig count was at 91 as WTI oil prices rose to $46.62, an increase of $1.63. A total of 98 rigs are drilling horizontal wells, one are drilling directional wells, and eight are vertical rigs. Karnes County continues to lead development this week running 20 rigs, with DeWitt (18), following closely behind. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by Count

Eagle Ford Shale News

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Eagle Ford Remains Resilient

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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 Loses More Rigs

Eagle Ford Rigs

The Eagle Ford Shale rig count fell this week to 110 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, oil production in the region increased slightly during July. After production fell in May by 50,000 barrels per day, it increased a slighttly from June to July by 10,000 barrels a day. Average production throughout the region was 1.6 million b/d, about 17% higher than July 2014.

Read more: Eagle Ford Production up 1%

The U.S. rig count decreased by eight, ending with 877 rigs running by midday Friday.  A total of 202 rigs were targeting natural gas (nine less than the previous week) and 675 were targeting oil in the U.S. (one more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)383 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 in the Eagle Ford decreased again to 15 this week as natural gas prices traded at $2.71/mmbtu, a $.03 increase from the previous week.

The oil rig count was at 95 as WTI oil prices rose to $44.99, an increase of $4.54. A total of 101 rigs are drilling horizontal wells, one is drilling directional wells, and eight are vertical rigs. Karnes County continues to lead development this week running 19 rigs, with DeWitt (18), following closely behind. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by Count

Eagle Ford Shale News

Will Re-Fracking Save the Eagle Ford?

Mexico Oil Swap Not Significant

NextEra Energy Moves into the Eagle Ford

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

113 Rigs in the Eagle Ford

Eagle Ford Rigs

The Eagle Ford Shale rig count fell this week to 113 rigs running across our coverage area as crude prices continue to fall. 

In recent Eagle Ford news, the Commerce Department has given permission for a limited amount of oil to be exported to Mexico. The agency approved an application from Pemex, Mexico’s national oil company, that would allow for the U.S. to exchange our light crude for Mexico’s heavy crude.

Read more: Swapping Oil with Mexico

The U.S. rig count increased by one, ending with 885 rigs running by midday Friday.  A total of 211 rigs were targeting natural gas (the same as the previous week) and 674 were targeting oil in the U.S. (two more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)383 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 in the Eagle Ford increased to 22 this week and natural gas prices traded at $2.68/mmbtu, a $.13 decrease from the previous week.

The oil rig count was at 91 as WTI oil prices dropped again to $40.45, a decrease of $1.68. A total of 102 rigs are drilling horizontal wells, one are drilling directional wells, and 10 are vertical rigs. Karnes County continues to lead development this week running 21 rigs, with DeWitt (17), following closely behind. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by Count

Eagle Ford Shale News

David Porter: EPA Rulings Will Kill Jobs

Is it “Doomsday” in the Eagle Ford?

Rancher Sues Fracking Operators

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 Rigs at 116

Eagle Ford Rigs

The Eagle Ford Shale rig count increased by four to 116 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Sanchez Energy reported second quarter losses of half a billion dollars and is looking to its Eagle Ford operations to turn things around.

Read more: Sanchez Energy Reports Huge Losses

The U.S. rig count remained flat, ending with 884 rigs running by midday Friday.  A total of 211 rigs were targeting natural gas (two less than the previous week) and 672 were targeting oil in the U.S. (two more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)389 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 in the Eagle Ford fell to 18 this week and natural gas prices traded at $2.81/mmbtu, a $.10 increase from the previous week.

The oil rig count increased to 98 as WTI oil prices dropped again to $42.13, a decrease of $4.78. A total of 103 rigs are drilling horizontal wells, zero are drilling directional wells, and 13 are vertical rigs. Karnes continues to lead development this week running 21 rigs, with DeWitt (18), McMullen (11) and Webb (11) following behind. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by Count

Eagle Ford Shale News

ConoccoPhillips Reduces Eagle Ford Rig Count

Crude Hits Six Year Low

Matador Announces Record Eagle Ford Production

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 at 112

Eagle ford

The Eagle Ford Shale rig count increased to 112 rigs running across our coverage area by midday Friday. In recent Eagle Ford news, oil and gas companies continue to continue to buy, sell and take advantage of all opportunities to stay afloat during this lean time.

Read more: Oil & Gas Deals in the Eagle Ford

The U.S. rig count increased by 10, ending with 884 rigs running by midday Friday.  A total of 213 rigs were targeting natural gas (four more than the previous week) and 670 were targeting oil in the U.S. (six more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.)383 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 in the Eagle Ford fell to 21 this week and natural gas prices traded at $2.10/mmbtu, a $.09 increase from the previous week.

The oil rig count increased to 91 as WTI oil prices dropped again to $44.02, a decrease of $2.89. A total of 102 rigs are drilling horizontal wells, zero are drilling directional wells, and 10 are vertical rigs. Karnes continues to lead development this week running 20 rigs, with DeWitt (18) and Webb (14) follow closely. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by Count

Eagle Ford Shale News

Chesapeake Energy Loses $4.15 Billion

Noble Energy: $109 Million Loss in Q2

Eagle Ford Companies Eye Mexico

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