Eagle Ford rig count continues to climb...

posted Feb 26, 2012, 6:02 AM by Nathan Ross   [ updated Mar 10, 2012, 5:01 AM by MADISONSA WEBadmin ]

The Eagle Ford Shale drilling rig count passed 260 for the first time in a month. 6 rigs were added to bring the total to 263. That’s getting close to the 265 rig record we set in January.
There have been several operational updates in the past week and all point to increased activity in 2012. 

Add the number of Eagle Ford Pipeline and Midstream expansion announcements over the past couple of months, and it’s easy to be confident about the long-term sustainability of the play. Midstream companies aren’t willing to take the risks an upstream company might, so big expansions plans mean confidence...

Read more at eaglefordshale.com.