M-U Rigs Flat at 33 for 4th Week; Nat’l Climbs to New High of 599

Four weeks. Same number. The Marcellus/Utica held at 33 rigs again for the week ended September 25, while the national count added four more to reach 599—a new 52-week high for the second week in a row, and one rig shy of 600. Oil rigs up. Gas rigs up. Frac spreads jumped by eight. And the big news on the price board: natural gas futures climbed back above $3, trading around $3.20 per MMBtu. Once again, everything in this report moved except the Marcellus/Utica. But the permit list delivered a plot twist we've been waiting for.

---

To view this content, log into your member account. (Not a member? Join Today!)