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Latest Activity: Dec 19, 2016
Post, discuss and share information related to Live Oak County Oil & Gas permits in the replies below.Thank you to Clint Liles for championing the effort to keep us all up to date.Continue
Webb County, in the heart of the Eagle Ford, produces more natural gas in Texas than any other county.
In a state known for its oil and gas activity, the Eagle Ford Shale's Webb County could definitely be dubbed the 'King of Natural Gas'. The Texas Railroad Commission, the state's regulatory agency, reports monthly on all production activity in the state and has ranked Web County #1 in natural gas production for several years in a row records of oil and
Production peaked in April, with the RRC reporting total gas from Webb County at 6,454,727 (mcf). Tarrant County has remained second throughout the year, but trailed behind Webb between 12,000,00 - 24,000,000 (mcf)every month.Read more at rrc.texas.gov
The Eagle Ford Shale leads Texas in natural gas production, according to the RRC. For full year 2016, the state's regulatory agency reported total gas production at 7,969,918,341 (mcf). This figure is broken down by region to include:
The Eagle Ford Shale rig count gained three more this week, with our data showing 83 rigs running across our coverage area by midday Friday.
In recent Eagle Ford News, Penn Virginia Corporation has announced they have located over 500 drilling locations in Gonzalez and Lavaca Counties.
Read more: Penn Virginia Spending 90% in the Eagle Ford
A total of 809 oil and gas rigs were running across the United States this week, an increase of 20 over than last week. 155 rigs targeted natural gas (two less than the previous week) and 652 were targeting oil in the U.S. (21 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 404 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 below.
Seven rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $3.08/mmbtu.
76 Eagle Ford rigs were targeting oil with WTI oil prices sitting at $48.07
A total of 79 rigs are drilling horizontal wells, zero are drilling directional wells and four are vertical.
Karnes County leads this week with 20 rigs in production. See the full list below in the Eagle Ford Shale Drilling by County below.
Eagle Ford Rig Count by County-March 24, 2017
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.
New data on drilling permits from the Texas Railroad Commission (RRC) suggests we are one step closer to a full recovery.
Related: Eagle Ford Oil Production to Rise
The RRC reported this week that they approved 991 drilling permits for February, up from 573 in 2016.
The total breakdown included:
The Eagle Ford Shale sits within District (1) One, and was issued 133 permits in February. The following image form the RRC shows other permits issued across the state.
The oil and gas industry has taken a beating over the last two year, but there are small signs that recovery is in the air. Last month, the EIA reported it expects that production for the region will rise by 14,000 bbl/d to 1.08 MMbbl/d in March. This is a reversal of a trend since oil production in the Eagle Ford has not risen since 2015.
Rig counts across the state are also on the rise. Baker Hughes showing 396 rigs active in Texas this week, with 80 of those being in the Eagle Ford Shale.Read more at rrc.state.tx.us