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Eagle Ford Minute Dec 11

Eagle Ford Shale Rig Count Decreases and Lower Speed Limits Coming

by Randy Watson, Email

rig-countThe U.S. rig count decreased by 3 to 1,920 rigs running by the end of last week. A total of 344 rigs were targeting natural gas (flat from the previous week) and 1,575 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.).  896 or ~48% of rigs active in the U.S. were running in Texas.

The natural gas rig count in the Eagle Ford increased by two to 18 rigs running by the end of last week. The oil rig count decreased by nine to 243 rigs running by the end of last week. A total of 245 rigs are drilling horizontal wells, six rigs are drilling directional wells, and 10 rigs are drilling vertical wells. Karnes, Dimmit, and DeWitt each have at minimum 27 rigs running. Dimmit County has the highest rig count this week at 35. Read More

Lower Speed Limits Coming in Drilling Areas. With accident rates soaring on some roads in the state’s bustling oil fields, the Texas Department of Transportation is stepping up efforts to lower speed limits on particularly dangerous routes. The change only covers rural two-lane, two-way roads that are less than 24 feet wide and are part of the state highway system. Read More

For more information visit go online to nobullradio.com … This is Randy Watson of the No Bull Radio Network reporting the Eagle Ford Minute.

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Updated: December 11, 2014 — 8:49 am
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