Enverus Rig Count @ 547 (+4); Marcellus @ 34 (+1), Utica @ 11 (+0)

After record gains since the beginning of the year, two weeks ago the Enverus U.S. rig count slid backward for the week, with the week ending May 19 losing 12 rigs (see Enverus Rig Count @ 543 (-12); Marcellus @ 33 (-2), Utica @ 11 (-1)). We began to claw back some of the losses last week. For the week ending May 26, the national rig count regained four rigs. The Utica stayed even but the Marcellus regained one of the rigs it lost the week before. Collectively the M-U now operates 45 rigs.

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