Baker Hughes

The Baker Hughes rig count turned in its weekly report early last week, on Dec. 30 (Tuesday instead of the usual Friday), due to the holiday—for a second week in a row. The Marcellus/Utica rig count gained 1 rig four weeks ago in the Ohio Utica, bringing the total to 39 rigs. For the past four reports in a row, the M-U has maintained that count—the most rigs it has operated in more than a year. It’s a great way to start the New Year! Pennsylvania has held at 18 active rigs for seven consecutive weeks. Ohio has operated 14 rigs for four straight weeks (its highest in over a year). And West Virginia maintained 7 rigs, which it has operated since May 30. There were 24 rigs targeting the Marcellus and 15 targeting the Utica. The national count picked up 1 rig, bringing the total to 546 active rigs. Read More “M-U Rig Count Stays @ 39 for 4th Week; Nat’l Count Adds 1 @ 546”

The venerable Baker Hughes rig count turned in its weekly report early last week, on Dec. 23 (Tuesday instead of the usual Friday) due to the holiday. The Marcellus/Utica rig count gained 1 rig three weeks ago in the Ohio Utica, bringing the total to 39 rigs. For the past three reports in a row, the M-U has maintained that count—the most rigs it has operated in more than a year. Pennsylvania has held at 18 active rigs for six consecutive weeks. Ohio has operated 14 rigs for three straight weeks (its highest in over a year). And West Virginia maintained 7 rigs, which it has operated since May 30. There were 24 rigs targeting the Marcellus and 15 targeting the Utica. The national count picked up 3 rigs, bringing the total to 545 active rigs. Read More “M-U Rig Count Stays @ 39 for 3rd Week; Nat’l Count Adds 3 @ 545”

The Marcellus/Utica rig count gained 1 rig two weeks ago in the Ohio Utica. The combined count hit 39 total rigs. Last week, the M-U maintained that count—the most rigs it has operated in more than a year. Pennsylvania has held at 18 active rigs for five consecutive weeks. Ohio picked up 1 rig two weeks ago and now operates 14 rigs. West Virginia maintained its 7 rigs, which it has operated since May 30. There were 24 rigs targeting the Marcellus and 15 targeting the Utica, for a combined 39 rigs in the M-U. The national count did not fare so well, losing 6 rigs, down to 542 active rigs, the lowest national count since September. Read More “M-U Rig Count Keeps Gains @ 39; Nat’l Count Loses 6 @ 542”

The Marcellus/Utica rig count gained a rig last week in the Ohio Utica. The combined count hit 39 total rigs, the most it has operated in more than a year. That’s great news! It means drilling is picking up in the M-U. Pennsylvania has held at 18 active rigs for four consecutive weeks. Ohio picked up one and now operates 14 rigs. Before last week, Ohio had held the same number of rigs at 13 since September 26. West Virginia maintained its 7 rigs, which it has operated since May 30. There were 24 rigs targeting the Marcellus and 15 targeting the Utica, for a combined 39 rigs in the M-U. Read More “M-U Rig Count Gains 1 Rig, Now @ 39 – Highest in Over a Year”

Last week, the Baker Hughes U.S. national rig count recovered some of the previous week’s losses. The count increased by five after losing 10 rigs in the previous week. The national count went from 544 to 549. Rigs in the Marcellus/Utica remained the same last week—now for three weeks in a row. Pennsylvania has held at 18 for three consecutive weeks. Ohio was the same at 13 rigs, which it has operated since September 26. West Virginia maintained its 7 rigs, which it has operated since May 30. There were 24 rigs targeting the Marcellus and 14 targeting the Utica, for a combined 38 rigs in the M-U. Read More “U.S. Rig Count Regains 5, Now @ 549; M-U Even @ 38 for 3rd Week”

Last week, the Baker Hughes U.S. national rig count got wacked good, losing 10 rigs from the previous week. The national count went from 554 to 544 (as of Wednesday, when BH reported the numbers). Bummer. It had gained rigs for each of the prior three weeks. Rigs in the Marcellus/Utica remained the same last week after gaining one rig the week before. Pennsylvania has held at 18 for two weeks in a row. Ohio was the same at 13 rigs, which it has operated since September 26. West Virginia maintained its 7 rigs, which it has operated since May 30. There were 24 rigs targeting the Marcellus and 14 targeting the Utica, for a combined 38 rigs in the M-U. Read More “U.S. Rig Count Crashes, Down 10 to 544; M-U Remains Even @ 38”

Last week, the Baker Hughes U.S. national rig count gained rigs for the third week in a row. The national count increased by five rigs, rising from 549 to 554. The BH rig count has added rigs in five of the last six weeks. Rigs in the Marcellus/Utica gained a rig! Pennsylvania gained one Marcellus rig, bringing its total to 18. Ohio was the same at 13 rigs. And West Virginia maintained its 7 rigs, which it has operated since May 30 (26 weeks in a row). There were 24 rigs targeting the Marcellus and 14 targeting the Utica, for a combined 38 rigs in the M-U. Read More “PA Marcellus Adds 1 Rig, M-U @ 38 Rigs; U.S. Count Adds 5 @ 554”

Last week, the Baker Hughes U.S. national rig count gained rigs for the second week in a row. The national count increased by one rig, rising from 548 to 549. The BH rig count has added rigs in four of the last five weeks. Rigs in the Marcellus/Utica remained the same last week at a combined 37, the same number for seven weeks in a row. Pennsylvania remained unchanged at 17 active rigs (seven weeks in a row). Ohio was the same at 13 rigs (eight weeks in a row). And West Virginia maintained its 7 rigs, which it has operated since May 30 (25 weeks in a row). There were 23 rigs targeting the Marcellus and 14 targeting the Utica. Read More “U.S. Rig Count Adds 1 @ 549; Marcellus/Utica Unchanged @ 37”

Last week, the Baker Hughes U.S. national rig count gained rigs again after dropping rigs in the prior week. The national count added two rigs, going from 546 to 548. The BH rig count has added rigs in three of the last four weeks. Rigs in the Marcellus/Utica remained the same last week at a combined 37, the same number for six weeks in a row. Pennsylvania remained unchanged at 17 active rigs (six weeks in a row). Ohio was the same at 13 rigs (seven weeks in a row). And West Virginia maintained its 7 rigs, which it has operated since May 30 (24 weeks in a row). There were 23 rigs targeting the Marcellus and 14 targeting the Utica. Read More “U.S. Rig Count Adds 2 @ 548; Marcellus/Utica Unchanged @ 37”

Last week, the Baker Hughes U.S. national rig count lost rigs after adding rigs for two consecutive prior weeks. The national count dropped four from 550 to 546. Baker Hughes said last week’s decline puts the total rig count down 39 rigs, or 7% below the same time last year. Rigs in the Marcellus/Utica remained the same last week at a combined 37 rigs, the same number for five weeks in a row. Pennsylvania remained unchanged at 17 active rigs. Ohio was the same at 13 rigs. And West Virginia maintained its 7 rigs, which it has operated since May 30. There were 23 rigs targeting the Marcellus and 14 targeting the Utica. Read More “U.S. Rig Count Drops 4 @ 546; Marcellus/Utica Remains Even @ 37”

Last week, the Baker Hughes U.S. national rig count added rigs for a second consecutive week, bringing the national count up by two to 550. Despite last week’s rig increase, the total count was still down 35 rigs, or 6% below this time last year. Rigs in the Marcellus/Utica remained the same last week at a combined 37 rigs, the same number for four weeks in a row. Pennsylvania remained unchanged at 17 active rigs. Ohio was the same at 13 rigs. And West Virginia maintained its 7 rigs, which it has operated since May 30. The Marcellus had 23 rigs and the Utica 14. Read More “U.S. Rig Count Adds 2 @ 550; Marcellus/Utica Remains Even @ 37”

The Baker Hughes U.S. national rig count has been bumpy for the past couple of months, up some weeks, down others, but mostly down overall. Last week, we resumed adding rigs, bringing the national count up by one to 548. Rigs in the Marcellus/Utica stayed the same last week at a combined 37 rigs. Pennsylvania remained unchanged at 17 active rigs. Ohio was the same at 13 rigs. And West Virginia maintained its 7 rigs, which it has operated since May 30. The Marcellus had 23 rigs and the Utica 14. Read More “U.S. Rig Count Adds 1 @ 548; Marcellus/Utica Remains Even @ 37”

After gaining rigs for four weeks in a row, the Baker Hughes U.S. national rig count stayed even two weeks ago, neither gaining nor (more importantly) losing any rigs (see U.S. Rig Count Remained Even @ 549; Pa. Lost 1 Marcellus Rig). Last week we returned to losing rigs, with the national count down by two to 547. Pennsylvania lost one rig two weeks ago, from 18 to 17, after maintaining its count for 10 consecutive weeks. Last week, PA remained static at 17. Ohio kept 13 rigs in the Utica for a third week. West Virginia kept its seven active rigs, the same number since May 30. The combined M-U count was 37 rigs, with 23 rigs targeting the Marcellus layer and 14 targeting the Utica. Read More “U.S. Rig Count Drops 2 @ 547; Marcellus/Utica Remains Even @ 37”

After gaining rigs for four weeks in a row, last week the Baker Hughes U.S. national rig count stayed even, neither gaining nor (more importantly) losing any rigs. The count remained at 549 active rigs. Sadly, Pennsylvania lost one rig, from 18 to 17, after maintaining its count for 10 consecutive weeks. Ohio kept 13 rigs in the Utica for a second week after gaining a rig two weeks ago. West Virginia kept its seven active rigs, the same number since May 30 (four months). The combined M-U count was 37 rigs, with 23 rigs targeting the Marcellus layer and 14 targeting the Utica. Read More “U.S. Rig Count Remained Even @ 549; Pa. Lost 1 Marcellus Rig”

For the fourth week in a row, the Baker Hughes U.S. national rig count gained, instead of losing, rigs. Last week, the count increased by seven, to 549. The last time the count was higher was June 20. The even more exciting news is that the Ohio Utica picked up another rig, boosting the total in Ohio to 13, the highest it’s been in well over a year. Pennsylvania maintained its count of 18 active rigs, which it has maintained since July 25 (two months). West Virginia kept its seven active rigs, the same number since May 30 (four months). The combined M-U count was 38 rigs, with 24 rigs targeting the Marcellus layer and 14 targeting the Utica. Read More “U.S. Rig Count Gained 4th Week in a Row, Up 7 @ 549; M-U Up 1 @ 38”