SAN ANTONIO – Eagle Ford drilling has dropped drastically since a year ago, according to Baker Hughes' rig count for last week.
Forty-seven drilling rigs are currenty operating in the South Texas field, compared with 157 rigs during the same week last year—a 70 percent decline.
So far this year, drillers have sidelined 29 rigs in the Eagle Ford.
The total Texas rig count has dropped by 90 rigs since the beginning of the year, to 231 now.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.