Enverus Rig Count @ 706 (-13); Marcellus @ 37 (+0), Utica @ 10 (+0)

Two weeks ago the Enverus U.S. rig count hit another new post-pandemic high of 719 active rigs. However, last week the count retreated by 13 rigs to 706 active rigs, mainly due to a big drop in rigs in the oil-focused Permian Basin. The Marcellus held steady last week at 37 active rigs, while the Utica held steady at 10 active rigs. The combined M-U had 47 active rigs last week.

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