Eagle Ford rig count inches up as oil returns to $50 per barrel territory

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The number of active drilling rigs continues to climb across the United States as oil prices returned to $50 per barrel territory on May 19. New figures released May 19 in the Baker Hughes Rig Count show there are now 85 rigs operating in the Eagle Ford Shale, a vast oil-rich region just south of San Antonio. The Eagle Ford rig count hit a low of 29 active drilling sites in June 2016 but has been steadily up this year. The May 19 rig count marks a return to a September 2015 level of activity in...

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