National Rig Count Falls Another 45, M-U Rig Count Holds Steady

Last week we told you about the biggest rig count drop in four years with a loss of 47 rigs in a single week (see Biggest Rig Count Drop in 4 Years – Who’s Still Drilling?). What has to be the second biggest rig count drop in the past four years happened over this past week, with the U.S. seeing another 45 rigs idled in the last seven days. The good news, if there is such a thing, is that the rig counts in both the Marcellus and Utica remained the same--although one rig changed locations from the "dry" Marcellus to the "wet" Marcellus.

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