The International (non-U.S.) Baker Hughes rig count for April 2017 was 956, up 13 from the 943 counted in March 2017, and up 10 from the 946 counted in April 2016. However, the U.S. rig count for April 2017 was 853, up 64 from the 789 counted in March 2017, and up 416 from the 437 counted in April 2016. Did you catch that? The U.S. over the past year doubled its rig count. Of particular note is that Canada’s rig count went over a cliff in April, falling by 145 active rigs in one month. Not sure what that’s all about. What about rig counts in our neck of the woods–in the Marcellus/Utica? It was good news for our region. Pennsylvania’s average rig count was up by 2 (to 34), Ohio up 1 (to 22), and West Virginia up by 2 (to 12). Total rig count for the Marcellus/Utica was 68 active rigs in April–the highest in the past 12 months…
The International (non-U.S.) Baker Hughes rig count for April 2017 was 956, up 13 from the 943 counted in March 2017, and up 10 from the 946 counted in April 2016. However, the U.S. rig count for April 2017 was 853, up 64 from the 789 counted in March 2017, and up 416 from the 437 counted in April 2016. Did you catch that? The U.S. over the past year doubled its rig count. Of particular note is that Canada’s rig count went over a cliff in April, falling by 145 active rigs in one month. Not sure what that’s all about. What about rig counts in our neck of the woods–in the Marcellus/Utica? It was good news for our region. Pennsylvania’s average rig count was up by 2 (to 34), Ohio up 1 (to 22), and West Virginia up by 2 (to 12). Total rig count for the Marcellus/Utica was 68 active rigs in April–the highest in the past 12 months…