Eagle Ford Rig Count Plunges To The Low 90s

Crude oil prices in the mid-$40 range have dealt a blow to production in the Eagle Ford Shale and other shale basins across the United States. Figures from the Baker Hughes Rig Count released on Sept. 4 show new drilling in the Eagle Ford has fallen down to 93 active rigs.

BING NEWS:
  • U.S. oil and gas rig count dips to lowest since January 2022, Baker Hughes says
    Total active rigs drilling for oil and gas in the U.S. fell by 6 to 594, the lowest total since January 2022, Baker Hughes reported Friday.
    06/7/2024 - 7:00 am | View Link
  • U.S. oil and gas rig count holds steady in latest Baker Hughes report
    the count fell in May for the third month in a row and dropped by 13, the most since August. Rigs targeting oil in the Permian Basin declined by 2 to 308, the Eagle Ford gained 1 to 48, and the ...
    05/31/2024 - 8:10 am | View Link
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