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Live Oak County, TX - Oil & Gas Discussion

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Live Oak County, TX - Oil & Gas Discussion

Oil & gas discussion group for those interested in Live Oak County, TX. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Website: http://www.eaglefordshale.com/counties/eagle-ford-shale-live-oak-county-tx
Members: 69
Latest Activity: Apr 16

Discussion Forum

Live Oak County TX Oil & Gas Permits

Started by Dave Thompson. Last reply by Clint Liles Dec 19, 2016. 248 Replies

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

New lease rates?

Started by Jan York Oct 1, 2015. 0 Replies

I have a very small amount of acreage in Richard Everett Survey, A-7 that a company is wanting to lease.  What is the going rate now per acre and royalty interest?Also, I've heard horror stories of…Continue

EagleFordShale.com News

Eagle Ford Shale Rig Count Takes a Dive

The Eagle Ford Shale rig count shrunk by three this week, with our data showing 94 rigs running across our coverage area by midday Friday.

The rig count slowly increased during the first months of 2017, with many viewing this as a sign of recovery for the Eagle Ford Shale region. After a high in May of 101 rigs, the weekly rig count has waffled through June.  

Read more: Eagle Ford Rig Count Pushes to 101

A total of 941 oil and gas rigs were running across the United States this week, an increase of eight over last week. 183 rigs targeted natural gas (three less than the previous week) and 758 were targeting oil in the U.S. (11 more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 460 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.

Eagle Ford Oil & Gas Rigs

Eight rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $2.93/mmbtu.

86 Eagle Ford rigs were targeting oil with WTI oil prices at $43.01.

A total of 91 rigs are drilling horizontal wells, zero are drilling directional wells and three are vertical.

Karnes County leads this week with 21 rigs in production. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Rig Count by County-June 23, 2017

Eagle Ford Rig Count by County-June 23, 2017

 

Eagle Ford Shale News

NAFTA Revision Could Mean Energy Independence

Texas Railroad Railroad Commission Gains Funding

Crude Production Rises in Eagle Ford and Across U.S.

Lonestar Increases Eagle Ford Holdings in 'Transformational' Deal

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.

The Eagle Ford Shale drilling rig count has had its ups and downs, marking the rise of the region's shale development and the decline brought on by low crude prices. The following infographic shows the rig count trends since 2011.Eagle Ford Rig Count

Texas and Eagle Ford Gain 0 Rigs

Drilling Rig

The Eagle Ford Shale rig count was unmoved this week with our data showing 97 rigs running across our coverage area by midday Friday.

In recent Eagle Ford news, Railroad Commissioner, Christi Craddock is hailing the importance of NAFTA negotiations to the oil and gas industry in Texas.

Read more: NAFTA Revision Could Mean Energy Independence

A total of 933 oil and gas rigs were running across the United States this week, an increase of six over last week. 186 rigs targeted natural gas (one more than the previous week) and 747 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.) 460 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.

Eagle Ford Oil & Gas Rigs

Nine rigs in the Eagle Ford region targeted natural gas this week with the commodity trading at $3.04/mmbtu.

88 Eagle Ford rigs were targeting oil with WTI oil prices at $44.74.

A total of 94 rigs are drilling horizontal wells, zero are drilling directional wells and three 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 Shale Drilling by County

Eagle Ford Rig Count by County-June 16, 2017

Eagle Ford Rig Count by County-June 16, 2017

 

Eagle Ford Shale News

NAFTA Revision Could Mean Energy Independence

Texas Railroad Railroad Commission Gains Funding

Crude Production Rises in Eagle Ford and Across U.S.

Lonestar Increases Eagle Ford Holdings in 'Transformational' Deal

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.

The Eagle Ford Shale drilling rig count has had its ups and downs, marking the rise of the region's shale development and the decline brought on by low crude prices. The following infographic shows the rig count trends since 2011.Eagle Ford Rig Count

NAFTA Revision Could Mean Energy Independence

Revising the North American Free Trade Agreement (NAFTA) could mean energy independence for North America, according to Railroad Commissioner, Christi Craddick. 

Related: Eagle Ford Shale and Mexico: An Important Partnership

Last month, the Trump Administration announced its intention to renegotiate the North American Free Trade Agreement (NAFTA). Formal negotiations could begin with Mexico and Canada as early as August 16th.

The original agreement was negotiated over 23 years ago and lacks important regulations for e-commerce, intellectual property, and tougher environmental standards.

Texas has a lot riding on the future of NAFTA. Mexico and Canada are the state's largest trading partners, with billion changing hands every year and thousands of jobs at stake. 

  • Texas exported over $232 billion of goods and services in 2016
  • Texas exported $93 billion to Mexico
  • Texas exported almost $20 billion to Canada in 2016
  • In 2014, over 41,000 Texas companies exported goods from a Texas address
Read more about Texas and NAFTA here

Railroad Commissioner, Christi Craddock wrote an article last week hailing the importance of NAFTA negotiations to the oil and gas industry in Texas. She emphasized the work that has taken place over the last two years building the infrastructure to move natural gas to Mexico. Renegotiations might allow for better coordination of these efforts. 

Overall, NAFTA has been great for Texas. We run a trade surplus with our neighbor to the south, with Mexican exports accounting for 6 percent of the state’s GDP, compared to 1.3 percent nationwide. However, there are some areas where the original 1993 agreement is either silent or outdated. President Trump’s plans to work with Canadian and Mexican officials to revise the treaty could offer U.S. businesses and consumers a once-in-a-generation opportunity to build on what came before. Given my focus in the energy sector, three areas I would like to see included in negotiations relate to energy infrastructure, investment and the environment.
— Christi Craddick, Texas Railroad Commissioner

Craddick expressed hopes that Texas will provide leadership in the negotiations. As one of the leading regulators of oil and gas in the world, the Railroad Commission has led the way in developing best practices and standards.

Read Craddick's full article here

Comment Wall

Comment

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Comment by Jan York on October 1, 2015 at 8:26am

I have been offered $300/acre with a 20% royalty, which seems low.  This offer was made first part of September 2015.

Comment by Timothy Terry on September 10, 2014 at 3:46pm

Hello...I am looking to lease and/or buy 5-10 acres of land, preferably off a major highway or county road for the purpose of possibly obtaining a permit for a saltwater disposal well.  Three (3) phase nearby would be a huge plus.  Please text/call Tim Terry at 512-791-2499

Comment by Beverly Anderson on August 17, 2014 at 9:12am

We have received a new lease offer for 282 acres in the John Turner Survey A-38, A19 area under the reservoir.  This is our second lease and I am wondering what negotiation rates are currently.  It's been awhile since our last and I am wondering if we can counter?  Feel free to respond or email me directly at bevanderson88@gmail.com.  Any advice or assistance is appreciated.

Comment by Timothy Terry on February 20, 2014 at 8:07pm
Hello, my name is Tim Terry and I'm looking for 5-10 acres to possibly have an swd built on the property. Preferably to buy the land, but may be open to a conversation about leasing. Please call/text me at 512-791-2499. Looking around three rivers/whitsett area. Thanks.
Comment by Richard DeLeon on December 10, 2013 at 2:07pm

We've been approached to lease our 480 acres for oil & gas.  I'd like to know what others were able to negotiate.  Feel free to respond here, or email me directly if you prefer not to provide details in the open.  Thank you.  rdeleon@utsystem.edu

Comment by Tommy Dunlavy on October 14, 2013 at 4:03pm
I was wonder if anybody has heard of any activity around Calihan State Park. Also if anybody has heard of any seismographic in the water of Choke Canyon
Comment by Kammi Kothmann on October 26, 2012 at 9:37pm

That Seitel sure gets around.

Comment by Kammi Kothmann on October 26, 2012 at 9:35pm

 we leased to TexStar actually very happy with them, did a hell of a job and didn't go through Hindes San Miguel after all.Kool!

Comment by Reid Dickard on July 6, 2012 at 10:05pm

Thanks so much for the information.  We are beginning negotiations with the

company and the $35 per linear foot gives us a starting place.

Comment by Andy Lark on July 6, 2012 at 9:25pm

$35/linear foot sounds about right -- we'd accepted $30 for a 12" line about a year ago, not including the company's re-seeding, etc. obligations.  

 

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