Baker Hughes U.S. Rig Count Drops 4 @ 600, M-U Drops 3 @ 37

Yeah, the bottom pretty much fell out of the rig count last week, both nationally and for the Marcellus/Utica region. We're hitting new lows with both counts. For the M-U, Pennsylvania stayed the same with 21 active rigs, but Ohio lost one rig, and West Virginia lost two rigs last week, for a net loss of three --- 37 active rigs across the region, the lowest in more than a year. The national rig count hit 600 last week, the lowest it has reached since January 2022. Ugh.

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