EOG Resources, Marathon, and Statoil Dominate Karnes County in Eagle Ford Shale
Karnes county, located in the Eagle Ford, just southeast of San Antonio is the most active county in the play. In this core acreage there are 8 rigs running operated by H&P, Nabors and Patterson-UTI. All of these rigs are drilling horizontal wells for Marathon, EOG Resources, Statoil and Encana. The map below shows the activity in the past month in the county, with the blue pines being permits and the green being completions.
Permit Activity Remains Steady in 2016
Permit activity in Karnes county took a dive during the start of 2015 and saw a jump during the last 6 months of that year. Since then monthly permit activity has remained fairly flat. Operators being issued permits include Marathon, EOG, Encana and Burlington Resources who have a large presence in the county. Other active operators in the county recently include Blackbrush Oil and Gas, Statoil, Gulftex Energy and 1776 Energy Operators.
Few Operators Continue to Complete Wells in Karnes
Many operators continue to focus in on core acreage as completion counts stay depressed in this low commodity price environment. Operators like Marathon have continued to complete wells in Karnes this year, completing 47 wells* in the past 6 months compared to the 191 total in 2015. Marathon is expected to complete 124 to 132 gross wells in the Eagle Ford this year allocating $600 million in CAPEX to the basin.
Other operators completing wells in Karnes county include:
- EOG Resources: 51 wells in 2015 verse 23 wells in 2016**
- Encana: 74 wells in 2015 verse 22 wells in 2016**
- Burlington Resources: 32 wells in 2015 verse 15 wells in 2016**
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*Completion numbers may change due to a delay in reporting
**Completion counts for first six months of 2016