National Drilling Rig Count Climbs by 8, Marcellus +5, Utica -4

While we don't track rig counts each week, given the volatile up-and-down nature of rig counts, the count from last week warrants comment. Oil rigs fell by one last week to 589, while gas rigs rose by nine to 162. Total rig count is up 13.7% over the same time last year--a good indicator that more drilling is happening. In our region, the Marcellus play gained five rigs from the previous week, while the Utica lost four rigs from the previous week.

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