U.S. Rig Count Adds 1 @ 626, M-U Even @ 41 but PA Down 1, WV Up 1

The Baker Hughes U.S. rig count hit a new low for 2023 five weeks ago (see U.S. Rig Count Hits New 2023 Low – Loses 2 @ 616, M-U Even @ 40). Since then, the count has steadily added at least one rig each week and now stands at 626 active rigs as of Friday. The Marcellus/Utica stayed even at 41 active rigs last week. However, there was a change. Pennsylvania lost one rig, which West Virginia picked up.

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