Statewide OH

Three weeks ago, Pennsylvania’s rig count dropped to just 12 rigs, the lowest that state has operated in the last 17 years (see PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585). Two weeks ago, PA picked up a rig, returning to 13 active rigs. Last week, Baker Hughes reported PA added yet another rig, and the state count is now at 14. Almost three months ago (as of August 23), PA operated 21 rigs for perspective. Last week, Ohio and West Virginia maintained their respective counts of 10 active rigs each. The combined count in the M-U stands at 34. Read More “PA Re-Adds a Rig to 14; National Rig Count Even 3rd Week @ 585”

Two weeks ago, Pennsylvania lost another rig, going from 13 rigs down to 12 rigs, the lowest that state has operated in the last 17 years (see PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585). Last week, PA picked up one rig, so the tally is back to 13. It’s still not great, but we suppose it’s progress. A little over two months ago (as of August 23), PA operated 21 rigs. We went through a period of rapid rig loss in the Keystone State. Last week, Ohio and West Virginia maintained their respective counts of 10 active rigs each. Read More “PA Re-Adds One Rig to 13; National Rig Count Even 2nd Week @ 585”

The realignment we spoke of several weeks ago about Pennsylvania losing rigs to its neighbors has deepened. Last week, PA lost another rig, going from 13 rigs down to 12 rigs, while Ohio picked up one rig and now has 10 active rigs. West Virginia also operated 10 rigs last week. Just two months ago (as of August 23), PA operated 21 rigs, OH had 9 rigs, and WV had just 5 rigs. This is a massive realignment away from PA to its neighbors. According to Reuters, PA’s rig count is at a 17-year (!) low. What the heck is going on with the mighty PA Marcellus? Read More “PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585”

Two weeks ago, Pennsylvania lost two rigs, down to just 13 active rigs, the lowest PA’s rig count has been since July 2016 (see PA Craters, Drops 2 Rigs, M-U @ 32; National Rig Count Adds 1 @ 586). That’s the lowest rig count for PA in more than eight years. Last week, PA and the other two Marcellus/Utica states, OH and WV, remained constant in their rig counts (13, nine, and ten, respectively). The national rig count collectively lost one rig last week and now stands at 585. Read More “PA Rig Count Stays Down, M-U @ 32; National Count Drops 1 @ 585”

Once again, the bottom dropped out of the Pennsylvania Marcellus rig count. PA lost two rigs last week, down to just 13 active rigs, the lowest the PA rig count has been since July 2016. That’s the lowest rig count for PA in more than eight years, lower than the deep dark days of the pandemic four years ago. Ohio and West Virginia’s counts remained the same at nine and ten, respectively. On August 23, PA ran 21 rigs, OH had nine rigs, and WV had just five rigs. Last Friday (just two months later), PA had 13 rigs (a loss of eight from August), OH still had nine, but WV had ten rigs (a gain of five of PA’s lost eight). The realignment of rigs from PA to WV is an ongoing, big story concerning the rig count. Read More “PA Craters, Drops 2 Rigs, M-U @ 32; National Rig Count Adds 1 @ 586”