U.S. Rig Count Climbs Again – Adds 3 @ 625, M-U Adds 1 @ 41

While the rig count remains anemic, it shows signs of life. Last week, the U.S. rig count added rigs for the third week in a row. The rig count hit a new low for 2023 one month ago (see U.S. Rig Count Hits New 2023 Low – Loses 2 @ 616, M-U Even @ 40). Since then, the count has steadily added a few rigs each week and now stands at 625 active rigs as of Friday. The Marcellus/Utica gained another rig (in Pennsylvania) to hit 41 active rigs in the combined M-U.

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