Baker Hughes

Three weeks ago, the Marcellus/Utica saw a realignment in rig counts, at least in Ohio and West Virginia. Pennsylvania kept the 20 rigs it has had since early February. Ohio lost two rigs, going from 13 to 11, the fewest active rigs in the Buckeye State since last September. And West Virginia picked up one rig, from 7 to 8 rigs, for the first time since last May. Overall, the M-U region had a net loss of 1 rig three weeks ago, bringing the total to 39 active rigs. The same numbers for the M-U held last week—no changes. There are 27 Marcellus-focused rigs and 12 Utica-focused rigs. Read More “M-U Rigs Even @ 39; Haynesville Even @ 54; Nat’l Count Down 1 @ 552”

Two weeks ago, the Marcellus/Utica saw a realignment in rig counts, at least in Ohio and West Virginia. Pennsylvania kept the 20 rigs it has had since early February. Ohio lost two rigs, from 13 to 11, the fewest active rigs in the Buckeye State since last September. And West Virginia picked up one rig, from 7 to 8 rigs, for the first time since last May! Overall, the M-U region had a net loss of one rig two weeks ago, going from 40 to 39 active rigs. The same numbers for the M-U held last week—no changes. One thing we didn’t mention last week (we just noticed this week) is that, along with the change in rigs between OH and WV, came a shift in Marcellus-focused and Utica-focused rigs. The Marcellus gained one rig (now runs 27), and the Utica lost two rigs (now runs 12). Read More “M-U Rigs Even @ 39; Haynesville Up 1 @ 54; Nat’l Count Up 2 @ 553”

Last week, the Marcellus/Utica saw a realignment in rig counts, at least in Ohio and West Virginia. Pennsylvania kept the 20 rigs it has had since early February. Ohio lost two rigs, from 13 to 11, the fewest active rigs in the Buckeye State since last September. And perhaps the biggest news was that West Virginia picked up one rig, from 7 to 8 rigs, for the first time since last May! Overall, the M-U region had a net loss of one rig last week, going from 40 to 39 active rigs. The M-U’s biggest competitor, the Haynesville, gained one rig, from 52 to 53 rigs, some 14 rigs more than the M-U. It wasn’t all that long ago that the M-U ran more rigs than the Haynesville. Read More “M-U Rigs Realign: PA Stays @ 20, OH Drops 2 @ 11, WV Adds 1 @ 8”

On Friday, Baker Hughes reported that the U.S. rig count lost 1 rig and now stands at 550 active rigs. Three weeks ago, the Pennsylvania Marcellus added a rig, bringing PA’s total to 20 active rigs, the most it has operated in well over a year. PA kept its new/higher total last week. Both Ohio and West Virginia remained at 13 and 7, respectively. The combined M-U count was 40 rigs last week, the most operated rigs in well over a year, now for a third week in a row. The M-U’s primary competitor (for attention and money), the Haynesville, continues to operate 52 rigs (12 more than the M-U). Read More “M-U Rigs Even @ 40; Haynesville Even @ 52; Nat’l Count Down 1 @ 550”

On Friday, Baker Hughes reported that the U.S. rig count remained unchanged at 551 active rigs. That’s three weeks in a row at the same number (pretty much unheard of). Two weeks ago, the Pennsylvania Marcellus added another rig, bringing the total to 20 active rigs, the most it has operated in well over a year. PA kept its new/higher total last week. Both Ohio and West Virginia remained at 13 and 7, respectively. The combined M-U count was 40 rigs last week, the most operated rigs in well over a year, now for a second week in a row. The M-U’s primary competitor (for attention and money), the Haynesville, added 2 rigs two weeks ago and kept them last week, operating 52 rigs (12 more than the M-U). Read More “No Change: M-U Rig Count @ 40; Haynesville @ 52; Nat’l Count @ 551”

Wow! What a week for rigs last week. On Friday, Baker Hughes reported that the national count remained unchanged at 551 active rigs. However, the Pennsylvania Marcellus picked up another rig and now operates 20 rigs, the most it has operated in well over a year. Both Ohio and West Virginia remained at 13 and 7, respectively. The combined M-U count was 40 rigs last week, the most in well over a year. The M-U’s primary competitor (for attention and money), the Haynesville, added another 2 rigs last week after adding 7 the week before, for a new modern high of 52 rigs (12 more than the M-U, bummer). It’s probably too early to declare a trend, but the upshot is that more gas drilling is underway in the two largest gas plays in the country. That’s a good sign. Read More “M-U Rig Count Adds 1 @ 40; Haynesville Adds 2 @ 52; Nat’l Count Even”

Two weeks ago, the Pennsylvania Marcellus picked up one rig, while the Ohio Utica lost a rig (see M-U Rig Count Stays @ 39 But PA & OH Swap 1 Rig; Nat’l Count @ 546). The M-U count remained identical last week. PA now operates 19 rigs, OH operates 13 rigs, and WV maintains operating 7 rigs. There were 25 rigs targeting the Marcellus and 14 targeting the Utica last week, for a total of 39 rigs. The national count gained 5 rigs last week, bringing the national total to 551 active rigs. However, there was a major move in the M-U’s chief competitor, the Haynesville Shale. Read More “M-U Rig Count Stays @ 39; Nat’l Count Adds 5; Haynesville Adds 7”

The Marcellus/Utica rig count gained 1 rig eight weeks ago in the Ohio Utica, bringing the regional total to 39 rigs. The combined number of 39 remained the same last week, however, there was an important change. The Pennsylvania Marcellus picked up one rig last week, while the Ohio Utica lost a rig. PA is now operating 19 rigs, OH is operating 13 rigs, and WV maintains its 7 rigs, which it has operated since May of last year. There were 25 rigs targeting the Marcellus and 14 targeting the Utica last week. The national count gained 2 rigs last week, bringing the national total to 546 active rigs. Read More “M-U Rig Count Stays @ 39 But PA & OH Swap 1 Rig; Nat’l Count @ 546”