BH Rig Counts for August – US Count Up by 32, M/U Up by 2

celebrateTwo months ago when Baker Hughes released their venerable rig count numbers, we cracked a smile that things are beginning to turn around with an increase in U.S. rig counts (see US Rig Count Up by 9 in June, Marcellus/Utica Holds Even at 36). Last we had a full-on smile when the average number of rigs working in the U.S. in July was 449, up 32 from the 417 counted in June 2016 (see US Rig Count Up Against in July, Marc/Utica Steady for 3rd Month). This month we’re popping the champagne cork! For August, the BH average rig count in the U.S. was 481, up 32 from the 449 counted in July. The even better news comes in the Marcellus/Utica. Pennsylvania’s average rig count went up by 3, Ohio’s went up by 2, but West Virginia lost 3 rigs. Overall the combined Marcellus/Utica rig count, after being stead at 36 rigs for three months in a row, went up to 38 rigs in August…

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