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Eagle Ford, Texas Give Up Most Rigs in Latest Count

The Eagle Ford Shale and its home state of Texas were the biggest losers among plays and states, respectively, in the latest Baker Hughes Inc. tally of active U.S. drilling rigs.

The Eagle Ford lost seven rigs to end at 103 in the count released Friday, June 5. Texas lost five rigs, the most of any state, to end at 364 rigs, far from its year-ago tally of 896 active rigs.

Elsewhere among the shale plays, changes from the previous week were modest. The Barnett Shale gained one rig to land at six, and the Fayetteville Shale lost one rig to end at five. The Haynesville Shale held steady at 26 rigs, and the mighty Marcellus gained one rig to end at 64. Also gaining a rig was the Permian Basin, which ended at 233.

While Texas lost rigs, its neighbor to the east, Louisiana, gained three rigs to end at 70 in the latest count and making it the biggest gainer among states for the week.

Looking back to last month, the average U.S. rig count for May 2015 was 889, down 87 from the 976 counted in April 2015, and down 970 from the 1,859 counted in May 2014. The average Canadian rig count for May 2015 was 80, down 10 from the 90 counted in April 2015, and down 82 from the 162 counted in May 2014, Baker Hughes said.

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