U.S. Rig Count Down 9th Week in a Row, M-U Holds, Haynesville -6

The weekly rig count for the U.S. has continued to be anemic for over two months now. With its venerable rig count, Baker Hughes reported last Friday that overall, the U.S. rig count continued to bleed rigs--down another eight rigs to 674 in the week ending June 30. That’s the lowest count since April 2022, and the ninth week in a row the U.S. has lost active rigs. The good news for the Marcellus/Utica is that both the Marcellus and the Utica maintained the same rig levels last week. It’s good news they didn’t bleed any more rigs. Note: We've added a couple of new weekly rig charts below to provide further context to the count and what it means for the M-U.

---

To view this content, log into your member account. (Not a member? Join Today!)