M-U Rigs Stuck at 33 for 7th Week; Oil Tops $100, Gas Slips

Seven weeks. Same number. The Marcellus/Utica held at 33 rigs again for the week ended October 16, while the national count held at 603 for a second straight week, tying the 52-week high set last week. Underneath that flat national number, oil rigs dropped by three and gas rigs added one. Frac spreads slipped by four, snapping a five-week winning streak. On the price board, oil and gas went in opposite directions: WTI blasted past $100 to settle at $101.41 a barrel, while natural gas fell back to $3.116 per MMBtu. Plus: Expand Energy grabs the top spot on the Enverus permit list, and a name we don't recognize shows up at No. 4.

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