West Virginia

Last week, the Baker Hughes U.S. national rig count lost rigs after adding rigs for two consecutive prior weeks. The national count dropped four from 550 to 546. Baker Hughes said last week’s decline puts the total rig count down 39 rigs, or 7% below the same time last year. Rigs in the Marcellus/Utica remained the same last week at a combined 37 rigs, the same number for five weeks in a row. Pennsylvania remained unchanged at 17 active rigs. Ohio was the same at 13 rigs. And West Virginia maintained its 7 rigs, which it has operated since May 30. There were 23 rigs targeting the Marcellus and 14 targeting the Utica. Read More “U.S. Rig Count Drops 4 @ 546; Marcellus/Utica Remains Even @ 37”

Last week, the Baker Hughes U.S. national rig count added rigs for a second consecutive week, bringing the national count up by two to 550. Despite last week’s rig increase, the total count was still down 35 rigs, or 6% below this time last year. Rigs in the Marcellus/Utica remained the same last week at a combined 37 rigs, the same number for four weeks in a row. Pennsylvania remained unchanged at 17 active rigs. Ohio was the same at 13 rigs. And West Virginia maintained its 7 rigs, which it has operated since May 30. The Marcellus had 23 rigs and the Utica 14. Read More “U.S. Rig Count Adds 2 @ 550; Marcellus/Utica Remains Even @ 37”

The Baker Hughes U.S. national rig count has been bumpy for the past couple of months, up some weeks, down others, but mostly down overall. Last week, we resumed adding rigs, bringing the national count up by one to 548. Rigs in the Marcellus/Utica stayed the same last week at a combined 37 rigs. Pennsylvania remained unchanged at 17 active rigs. Ohio was the same at 13 rigs. And West Virginia maintained its 7 rigs, which it has operated since May 30. The Marcellus had 23 rigs and the Utica 14. Read More “U.S. Rig Count Adds 1 @ 548; Marcellus/Utica Remains Even @ 37”

After gaining rigs for four weeks in a row, the Baker Hughes U.S. national rig count stayed even two weeks ago, neither gaining nor (more importantly) losing any rigs (see U.S. Rig Count Remained Even @ 549; Pa. Lost 1 Marcellus Rig). Last week we returned to losing rigs, with the national count down by two to 547. Pennsylvania lost one rig two weeks ago, from 18 to 17, after maintaining its count for 10 consecutive weeks. Last week, PA remained static at 17. Ohio kept 13 rigs in the Utica for a third week. West Virginia kept its seven active rigs, the same number since May 30. The combined M-U count was 37 rigs, with 23 rigs targeting the Marcellus layer and 14 targeting the Utica. Read More “U.S. Rig Count Drops 2 @ 547; Marcellus/Utica Remains Even @ 37”

After gaining rigs for four weeks in a row, last week the Baker Hughes U.S. national rig count stayed even, neither gaining nor (more importantly) losing any rigs. The count remained at 549 active rigs. Sadly, Pennsylvania lost one rig, from 18 to 17, after maintaining its count for 10 consecutive weeks. Ohio kept 13 rigs in the Utica for a second week after gaining a rig two weeks ago. West Virginia kept its seven active rigs, the same number since May 30 (four months). The combined M-U count was 37 rigs, with 23 rigs targeting the Marcellus layer and 14 targeting the Utica. Read More “U.S. Rig Count Remained Even @ 549; Pa. Lost 1 Marcellus Rig”