M-U Rig Count Flips with OH Losing, WV Gaining; Nat’l Up 1 @ 588

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Something of an upset last week for rigs operating in the Marcellus/Utica region. We maintained the same cumulative count of 36 last week, which has been at that level for 12 weeks in a row. However, Ohio lost one rig in the Utica (now operating 10 rigs), while West Virginia gained that lost rig in the Marcellus (now operating 9 rigs). Pennsylvania maintained its rig count of 17. The national count increased by 1 to 588, which ties with a few weeks ago to be the highest national rig count in more than a year.

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