Nat’l Rig Count Drops 7 @ 583; Marcellus Down 1 @ 24, Utica Even @ 11

The Baker Hughes U.S. national rig count cratered last week, losing seven rigs. The U.S. count is now 583 active rigs, the biggest weekly decline since June 2024. As for the Marcellus/Utica, the rig count was a combined 35 last week, losing one rig it had gained the week before. The Marcellus lost one of the two rigs it had gained two weeks ago and now sports 24 rigs across the three M-U states of Pennsylvania, West Virginia, and Ohio. Rigs focused on the Utica remained unchanged at a combined 11. However, there were shifts among two of the three M-U states. PA picked up one rig and now operates 16 rigs. The last time PA operated 16 rigs was last December. The biggest news is that WV, which had operated 10 or more rigs for most of the past year (34 weeks in a row), broke its streak and lost two rigs. WV now operates nine rigs.

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