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Eagle Ford Shale adds new drilling despite slide

While the nation is experiencing a drop in the number of active oil and gas rigs, Eagle Ford Shale remains a bright spot in the industry.

A Baker Hughes rig count shows that new drilling in the Eagle Ford Shale rose to 75 active rigs. New drilling fell to 225 rigs in the Permian Basin, but rose to eight in the Barnett Shale near Fort Worth.

Drilling in Texas rose to 342 rigs, up from 338 the previous week.

The number of rigs across the country fell from 767 to 757.

According to the U.S. Energy Information Administration, oil production is declining in the Eagle Ford Shale. However, the region is still expected to produce more than 1.27 million barrels of oil per day in December. American crude inventories hold more than 487 million barrels, according to EIA figures.

Eagle Ford Shale is a hydrocarbon-producing formation capable of producing more gas and oil than other traditional shale plays. The high percentage of carbonate makes it more brittle and better suited for hydraulic fracturing.

Houston-based Baker Hughes releases rig count data as a service to the petroleum industry on a weekly basis.

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