February 28, 2017
The rig count in two Texas fields continues trending upward. The Baker Hughes rig count from Feb. 24, 2017 shows that Eagle Ford, in South Texas, has 64 active drilling sites. In comparison, the site hit a low of 29 active rigs in June 2016. There is still a ways to go to hit the 259-rig record reported in May 2012. However, the Eagle Ford active rig count has increased six weeks in a row.
The Permian Basin, in West Texas, has 306 active drilling sites, marking 15 weeks in a row of rig count increases. Each drilling rig represents 224 jobs on and off the drilling site, according to a University of Houston study.
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