Eagle Ford shale sees 85% drop in oil rigs compared to last year
SAN ANTONIO Editors note: This story was published through a partnership between the San Antonio Business Journal and KSAT. The Eagle Ford Shale lost another pair of rigs last week as the region's oil and gas industry continues to suffer in spite of increasing oil prices. To arrive at that number, the Business Journal tallied rig counts from Railroad Commission of Texas districts 1-4. The Eagle Ford has lost 85% of its rigs compared to the 73 that were in the field this time last year, Baker Hughes (NYSE: BHGE) reported. Read more at the San Antonio Business Journal.