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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: 68
Latest Activity: Dec 19, 2016

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

Webb County: Natural Gas King of Texas

Webb County, in the heart of the Eagle Ford, produces more natural gas in Texas than any other county. 

Related: Eagle Ford Oil Production to Rise While Gas Decreases

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:

  • Eagle Ford Shale: 5357 (MMcf) 
  • Permian Basin: 5193 (MMcf)
  • Barnett Shale: 3775 (MMcf)
  • Haynesville : 887 (MMcf)

Read more about oil and gas activity in Webb County

Eagle Ford Rig Count Climbs as Total U.S. Count Passes 800

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.

Eagle Ford Oil & Gas Rigs

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 Shale Drilling by County

Eagle Ford Rig Count by County-March 24, 2017

Eagle Ford Rig Count by County-March 24, 2017

Eagle Ford Shale News

Penn Virginia Spending 90% in the Eagle Ford

Baytex: Excited About the Eagle Ford

Sanchez Gains Eagle Ford Assets for $2.1 Billion

Oil & Gas Production in Texas Decreases for First Time since 2010

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

RRC Issuing More Texas Drilling Permits Over Last Year

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:

  • 847: new oil or gas wells
  • 11: re-enter plugged well bores
  • 133: re-completions of existing well bores
  • 258: oil
  • 37: gas
  • 640: oil or gas
  • 43: injection
  • 1: service
  • 12: other

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

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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