Baker Hughes U.S. Rig Count Loses 2 @ 619, M-U Even @ 42

In line with our theory that we have hit the bottom of the rig count and now bounce up a few and down a few, last week, the Baker Hughes rig count lost rigs. The count went from 621 active rigs two weeks ago to 619 last week — down two rigs. It went up a single rig the week prior. We're just sitting and bouncing, staying roughly even at around 620 active rigs. The Marcellus/Utica remained constant last week with 42 active rigs. However, our rival, the Haynesville, lost two rigs and now sits at 40 active rigs. Yes! We have two more rigs than our competition!

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