Baker Hughes U.S. Rig Count Adds 1 @ 621, M-U Even @ 42
The Baker Hughes rig count gained another rig last week. The count went from 620 active rigs two weeks ago to 621 last week — up a single rig. It went up a single rig the week prior, too. And that's about where we are. We have floated between 620 and 625 for all of December and January --- dipping to 619 for one week during that period. It appears we've hit the bottom and are stable. The Marcellus/Utica remained constant last week with 42 active rigs, after PA added two rigs the week before.
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