West Virginia

Last week, the combined Marcellus/Utica Baker Hughes rig count maintained its cumulative count of 36 active rigs after dropping 1 rig two weeks ago in the PA Marcellus (see M-U Rigs Down 1 @ 36; Haynesville Down 2 @ 56; Nat’l Up 3 @ 551). The M-U’s chief competitor, the Haynesville, dropped 1 rig last week to land at 55 active rigs, operating 19 more than the M-U. The national count added 7 rigs last week, bringing the total to 558 rigs. That’s the fifth week in a row the national count has added rigs. Read More “M-U Rigs Even @ 36; Haynesville Down 1 @ 55; Nat’l Up 7 @ 558”

Last week, the combined Marcellus/Utica Baker Hughes rig count dropped by 1 rig in the PA Marcellus, leaving 36 active rigs across the three-state M-U region, down from 37 it had operated for 7 weeks in a row. The M-U’s chief competitor, the Haynesville, dropped 2 rigs to land at 56 active rigs, operating 20 more than the M-U. The national count added 3 rigs last week and now operates 551 rigs. That’s the fourth week in a row the national count has added rigs. Read More “M-U Rigs Down 1 @ 36; Haynesville Down 2 @ 56; Nat’l Up 3 @ 551”

Last week, the combined Marcellus/Utica Baker Hughes rig count remained at 37 active rigs for the seventh week in a row. The M-U’s chief competitor, the Haynesville, remained at 58 active rigs after adding two rigs two weeks ago, some 21 more than the M-U. Clearly, drillers are choosing to put their money into the Haynesville over the M-U. The national count added one rig last week and now operates 548 rigs. Read More “M-U Rigs Even @ 37; Haynesville Even @ 58; Nat’l Up 1 @ 548”

Last week, the combined Marcellus/Utica Baker Hughes rig count remained at 37 active rigs for the sixth week in a row. The M-U’s chief competitor, the Haynesville, added two rigs and now runs 58 active rigs, some 21 more than the M-U. Clearly, drillers are choosing to put their money into the Haynesville over the M-U despite that play’s higher costs because (a) it’s closer to the Gulf Coast LNG export facilities, and (b) it’s easier to build pipelines in Louisiana and Texas than it is in the northeast. The national count added three rigs last week and now operates 547 rigs. Read More “M-U Rigs Even @ 37; Haynesville Up 2 @ 58; Nat’l Up 3 @ 547”

Last week, the combined Marcellus/Utica Baker Hughes rig count remained at 37 active rigs for the fifth week in a row. The M-U’s chief competitor, the Haynesville, added one rig and now runs 56 active rigs, some 19 more than the M-U (bummer). The national count added one rig last week and now operates 544 rigs. Baker Hughes said oil rigs fell by three to 407 last week, their lowest since February, while gas rigs rose by four to 129, their highest since early April. Other miscellaneous rigs held steady at eight. Read More “M-U Rigs Even @ 37; Haynesville Up 1 @ 56; Nat’l Up 1 @ 544”