MDN Analysis of Rig Counts in Marcellus/Utica
Drilling rig counts are closely watched as an indicator of where, and how much, drilling is happening in a given geography. Last Friday, Baker Hughes reported that rig counts for Pennsylvania continue to decline from a year ago, while the numbers for West Virginia are going up. But that doesn’t quite tell the whole story.
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An economic report released on March 30 by Penn State researchers (copy embedded below) shows that Pennsylvania counties where there is Marcellus Shale drilling do better economically—far better—than other counties.