Green Touch Builders | Double-digit declines for rig count in Eagle Ford, Permian Basin
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February 6, 2015 By SEO Admin

Double-digit declines for rig count in Eagle Ford, Permian Basin

Low crude oil prices are taking their toll in the Eagle Ford and Permian Basin, where the number of active rigs fell by double digits over the past week.

Crude oil prices bounced above and below $50 per barrel this week, and the latest count data released on Friday by oil giant Baker Hughes show drilling declines across the board.

Friday’s figures show that the rig count in the Eagle Ford Shale fell by 10 — from 178 active rigs to 168 over the past week.

The number of active rigs in the Eagle…