Nat’l Rig Count Down 2 @ 590; Marcellus Up 2 @ 25, Utica Down 1 @ 11

The Baker Hughes U.S. national rig count lost two rigs last week and now operates 590 active rigs. As for the Marcellus/Utica, the rig count was a combined 36 last week---the highest it has been since last August! Rigs focused on the Marcellus were up by two to a combined 25 across the three M-U states of Pennsylvania, West Virginia, and Ohio. Rigs focused on the Utica dropped one rig (after increasing by one the week before), now at a combined 11. PA had operated 15 rigs (or more) for 19 weeks straight. That streak was broken two weeks ago when PA lost a rig. PA picked it back up again and had 15 active rigs last week. OH had operated nine rigs for 16 weeks in a row but picked up one two weeks ago and kept it, meaning the dropped Utica rig from last week was in either PA or WV. Likely, the rig was repurposed from Utica to Marcellus in PA. OH currently operates ten active rigs. WV had operated 10 rigs for an astonishing 23 weeks in a row. Seven weeks ago, WV added (and has kept) one additional rig and continues to operate 11 active rigs.

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