Sunday, August 15, 2010
Eagle Ford / DeWitt County
The Eagle Ford is clearly building steam in the oil window in South Texas with 84 rigs running in the trend at last count. That is way up from the 49 rigs counted in April, including 10 rigs operating in De Witt County. New operators are joining the party monthly and operators are clearly moving more rigs into the oil-rich portions of the Eagle Ford. From company announcements we expect rig count to steadily increase as pipeline and processing infrastructure is built-out. Look for increased activity all along the transition line between the oil and NGL window where land is fetching the highest lease bonuses and royalty in the play.