Everus U.S. Rig Count Passes 500, Marcellus @ 33 (+1), Utica @ 11

Some good news to share as we exit yet another work week. The Enverus U.S. rig count pushed to a fresh 11-month high in the week ended March 17, passing by the 500-mark (502 active rigs). Oil rigs climbed by 4 to 375 (although the Permian lost 2 rigs). Gas rigs were up 6 at 127 active rigs. The Marcellus dropped 2 rigs but gained 1 for a net +1 addition. The Utica stayed even. The M-U collectively had 44 active rigs operating over the past week. The M-U's primary competitor for rigs, the gassy Haynesville, gained a rig and operated 47 rigs over the past week.

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