M-U Rigs Even @ 37; Haynesville Adds 1 @ 56; Nat’l Count Up 5 @ 548

Two weeks ago, the Pennsylvania Marcellus lost 2 rigs, leading to the lowest combined M-U count since last November (see PA Loses 2 Rigs from Marcellus, Combined M-U Lowest Since Nov. 2025). Last week, the count in the M-U stayed the same---no increases, no decreases. However, our chief competitor, the Haynesville, added another rig, with a new total of 56 active rigs, some 19 rigs more than the M-U's combined 37 active rigs. The Haynesville continues to add rigs even though it's cheaper to drill in the M-U. Which exposes the lie from those who want to heap more regulations and taxes on drilling in the M-U because "this is where the gas is" and "drillers can't go anywhere else." Turns out, there's gas elsewhere, too. And drillers are voting (and walking) with their dollars.

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