No Change in M-U, Nat’l Baker Hughes Rig Counts 2nd Week in a Row
The venerable Baker Hughes national rig count was 589 active rigs last week---which is FIVE weeks in a row. Very unusual. The Marcellus/Utica rig count was a combined 34 last week---the same number for FOUR weeks in a row. The national count remains rangebound between 581 and 589 since June 2024 (except for Sep. 13, when it hit 590 for a single week). The M-U remained static last week, with PA at 15 rigs, OH at 9 rigs, and WV at 10 rigs.To view this content, log into your member account. (Not a member? Join Today!)