Statewide PA

The Baker Hughes U.S. rig count dropped like a rock last week, down 10 rigs to its lowest level since November 2021. It is the first time the count has slumped for four consecutive weeks since 2024. On a happier note, the combined Marcellus/Utica count rose by two rigs to 37 active rigs. However, there was a change between the plays (and states) in the M-U. The Pennsylvania Marcellus lost one rig, now at 17 rigs, while the Ohio Utica picked up two rigs, now at 12 rigs. West Virginia remained the same with eight active rigs. Read More “Nat’l Rig Count Drops 10 @ 566; Marc. Down 1 @ 24, Utica Adds 2 @ 13”

The U.S. national rig count lost two more rigs last week, going from 578 to 576, tying January 24th of this year as the lowest national rig count in the past 12 months. Rigs targeting the Marcellus layer remained the same with 25 rigs last week, while the Utica (in Ohio) picked up one rig and now operates 11 rigs for a combined total of 36. Pennsylvania was static with 18 rigs, Ohio moved up from nine to ten rigs, and West Virginia remained the same with eight rigs. Read More “Nat’l Rig Count Down 2 @ 576; Marcellus Even @ 25, Utica Adds 1 @ 11”

We’re catching up on two weeks of changes in the rig count, and wow! Things changed. And NOT in a good way. The national count lost nine rigs over the past two weeks, going from 587 on April 25 to 584 on May 2 and then down to 578 on May 9. But it was the Marcellus/Utica that caught our attention. Two weeks ago, for the May 2 Baker Hughes rig count, Ohio dropped three rigs in a single week, going from 12 on April 25 to nine on May 2. The Ohio count remained at nine on May 9. Consequently, the combined M-U count went from 38 two weeks ago to 35 and has remained at that level. Both Pennsylvania and West Virginia kept their same counts of 18 and 8, respectively. Read More “Nat’l Rig Count Down 9 @ 578; Marcellus Even @ 25, Utica Down 3 @ 10”

The Baker Hughes U.S. national rig count crept up again last week, adding two more rigs after adding two in the prior week. The U.S. count now stands at 587 active rigs. The M-U rig count remained the same at a combined 38 last week—the second week in a row. We are at the highest combined M-U count since May of 2024. The Marcellus kept its 25 rigs across the three M-U states of Pennsylvania, West Virginia, and Ohio. The Utica kept its 13 rigs across the same three states, mainly in Ohio. PA had 18 active rigs for the second week — the highest number it has had since last August. OH operated 12 rigs for the second week in a row, the most active rigs in the Buckeye State in over a year. WV dropped maintained eight rigs for a second week, the lowest number of active rigs in the Mountain State since last September. Read More “Nat’l Rig Count Adds 2 @ 587; Marcellus Even @ 25, Utica Even @ 13”