For the week ending Jan. 20, the Enverus U.S. oil and gas rig count increased by another three for the week, now up to 725. That’s the highest active rig count since March 2020 when the worldwide coronavirus pandemic crushed demand and began the rapid decline in rigs. The Marcellus gained one rig for 40 active rigs, while the Utica stayed even with 11 active rigs. Combined the M-U had 51 active rigs last week–the most since prior to the pandemic.
