According to the Baker Hughes Official Rig Count statistics, Texas, as a whole, has seen the rig count decrease by 459 rigs collectively across the state. Dropping to 294 rigs from January 2015 when there were 753 active rigs.  The Eagle Ford Shale is responsible for roughly 25% of the decrease in that rig count. The Eagle Ford has seen a decrease of roughly 64% over the last 12 months. Currently, the Eagle Ford has 64 active rigs down from 181 this time last year. Karnes, De Witt and La Salle Counties are the top 3 counties in terms of number of active rigs. In January 2015, Karnes, De Witt and La Salle Counties accounted for nearly 44% of the rig count within the Eagle Ford Shale, when they combined for 79 rigs. As of January 22nd, these 3 counties have seen a combined decrease of 44 rigs over the past year. With oil prices dropping below $30 per barrel, and the vast majority of the industry experts and large operators predicting oil prices to flutter in the $30-$45 per barrel range throughout much of 2016, to say that mineral owner’s outlook going forward is uncertain would most likely be an understatement. The decrease in commodity prices throughout 2015 left any and every one associated with the industry looking up and hoping 2016 would be a rebound year for the oil and gas market. Through the first month of 2016, everyone from the large energy companies down to the mineral owner has not only failed to see any signs of that rebound, but has actually seen the industry slip even further into the current oil and gas slump.

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