Baker Hughes

The U.S. national oil and gas rig count had been in a pattern of free-falling for over a month. Last week, the national combined Baker Hughes oil and gas rig count finally reversed course and added four rigs — now at 585. The Marcellus/Utica stayed the same last week, for the fifth week in a row, with a combined 36 active rigs. Pennsylvania continued to operate 21 rigs. Ohio remained steady with ten active rigs. And West Virginia kept five active rigs.
Read More “Nat’l Rig Count Improves: U.S. Adds 4 @ 585, M-U Static @ 36”

The U.S. national oil and gas rig count has been in a pattern of free-falling for the past three weeks. The national combined Baker Hughes oil and gas rig count dropped by another two to 588, the lowest it has been since January 2022. The Marcellus/Utica, after losing two rigs three weeks ago, maintained the same count last week — a combined 36. Pennsylvania continued to operate 21 rigs. Ohio remained steady with ten active rigs. And West Virginia kept five active rigs. At this time last year, WV operated 12 active rigs. The M-U fell down three weeks ago and (so far) hasn’t gotten back up.
Read More “Nat’l Rig Count Continues Drop: U.S. Loses 2 @ 588, M-U Even @ 36”

Last week, the Baker Hughes U.S. rig count lost another two rigs, down to 603, the lowest the count has been since January of 2022. Since last October, the national count had gone as low as 616 and as high as 629, and that was it — a fairly narrow band. That is, until three weeks when it crashed through the floor and went lower, down to 613. Then, two weeks ago, it was down to 605. And now, it has gone even lower, down to 603. Will we see it go lower than 600?
Read More “Baker Hughes U.S. Rig Count Drops 2 @ 603, M-U Even @ 40”

Last week, the Baker Hughes U.S. rig count lost another eight rigs, down to 605, the lowest the count has been since January of 2022. Since last October, the national count had gone as low as 616 and as high as 629, and that was it. No higher and no lower. That is, until two weeks when it crashed through the floor and went lower, down to 613. And now, it has gone even lower, down to 605. The Marcellus/Utica remained even at 40 rigs after losing one rig two weeks ago. Pennsylvania operates 21 rigs; Ohio operates 11 active rigs; and West Virginia operates 8 rigs.
Read More “Baker Hughes U.S. Rig Count Drops 8 @ 605, M-U Even @ 40”

Last week, the Baker Hughes U.S. rig count lost six rigs, down to 613, the lowest the count has been since February of 2022. Since last October, the national count had gone as low as 616 and as high as 629, and that was it. No higher and no lower. That is, until last week when we crashed through the floor and went lower, down to 613. The Marcellus/Utica lost one rig last week and now runs 40 rigs. Pennsylvania lost one rig and now runs 21 rigs; Ohio (which lost one rig two weeks ago) remained static with 11 active rigs; and West Virginia remained the same with 8 rigs.
Read More “Baker Hughes U.S. Rig Count Drops 6 @ 613, M-U Drops 1 @ 40”

Last week, the Baker Hughes rig count regained a couple of rigs; for the first time in five weeks, the count has gone up instead of down. The count went from 617 active rigs two weeks ago up to 619 last week. Since last October, the national count has gone as low as 616 and as high as 629. And that’s it. No higher and no lower. The Marcellus/Utica lost one rig last week and now runs 41 rigs. Pennsylvania remained constant with 22 rigs; Ohio lost a rig and now operates 11 rigs; and West Virginia remained the same with 8 rigs.
Read More “Baker Hughes U.S. Rig Count Adds 2 @ 619, M-U Drops 1 @ 41”

Last week, the Baker Hughes rig count dropped three more rigs. It is the fourth week in a row the count has dropped. The count went from 620 active rigs two weeks ago down to 617 last week. Since last October, the national count has gone as low as 616 and as high as 629. And that’s it. No higher and no lower. The national count is 18% lower than this time last year (down 131 rigs). The Marcellus/Utica remained the same last week at 42 active rigs — the fourth week in a row for that count. Pennsylvania operates 22 rigs; Ohio operates 12 rigs; and West Virginia operates 8 rigs.
Read More “Baker Hughes U.S. Rig Count Drops 3 @ 617, M-U Even @ 42”

Last week, the Baker Hughes rig count lost two rigs after adding four rigs the week before. The count went from 623 active rigs two weeks ago to 621 last week. The national count has consistently stayed between 620-625 active rigs since last October. The Marcellus/Utica stayed even last week at 44 rigs after gaining two rigs the week before. The M-U is at the most active rigs we’ve had since last August!
Read More “Baker Hughes U.S. Rig Count Loses 2 @ 621, M-U Stays Even @ 44”