M-U Rig Count Realigns @ 33; National Rig Count Drops 1 @ 587

Three weeks ago, MDN told you about a developing story of rig realignment in the Marcellus/Utica (see Rig Bloodbath Continues – Pennsylvania Loses 7 Rigs in 3 Weeks). As we reported, Pennsylvania was losing rigs, bleeding rigs, like crazy—four rigs gone in two weeks' time. And West Virginia was gaining those lost rigs. Two weeks ago, the Baker Hughes rig count showed the M-U maintaining 33 active rigs, with no further shifts taking place between PA and WV (see M-U Rig Count Stabilizes @ 33; National Rig Count Drops 2 @ 588). Last week was the third week in a row there were no changes in the counts for the three M-U states, indicating to us that the count has realigned and that, for now, there is less drilling in PA (than before) and more drilling in WV (than before). Ohio is maintaining.

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