U.S. Rig Count Hits New 2023 Low – Loses 2 @ 616, M-U Even @ 40

The U.S. rig count fell again last week, dropping another two rigs to 616 active rigs — the lowest rig total this year and the lowest count since February 2022. The count in the Marcellus/Utica stayed the same at a collective 40 active rigs. However, the M-U mix changed once again. Pennsylvania lost another rig, going from 20 to 19 last week, after dropping two rigs the week before (see U.S. Rig Count Hits New 2023 Low – Loses 7 @ 618, M-U Adds 1 @ 40). Ohio picked up the lost PA rig, going from 12 to 13 active rigs (after picking up two rigs the week before). It seems all the momentum is in the Ohio Utica right now. West Virginia stayed the same with 8 active rigs.

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