The Enverus rig count, as of Wednesday, stood at 871, up by three from the week before. We are now 33 rigs ABOVE the pre-pandemic high of 838 rigs. Finally! Last week the Marcellus operated 46 rigs (up by one), and the Utica operated 11 rigs (also up by one), for a total of 57 active rigs in the M-U. Rigs chasing oil declined by four leaving 662, while natural gas-prone rigs gained seven for a total 209. The Haynesville, which is the chief competitor to the Marcellus/Utica, had 75 active rigs operating last week. The Haynesville continues to beat the pants off the M-U with respect to rigs and drilling new wells.
The Enverus rig count, as of Wednesday, stood at 871, up by three from the week before. We are now 33 rigs ABOVE the pre-pandemic high of 838 rigs. Finally! Last week the Marcellus operated 46 rigs (up by one), and the Utica operated 11 rigs (also up by one), for a total of 57 active rigs in the M-U. Rigs chasing oil declined by four leaving 662, while natural gas-prone rigs gained seven for a total 209. The Haynesville, which is the chief competitor to the Marcellus/Utica, had 75 active rigs operating last week. The Haynesville continues to beat the pants off the M-U with respect to rigs and drilling new wells.