West Virginia

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”

For the fourth week in a row, the Baker Hughes U.S. national rig count gained, instead of losing, rigs. Last week, the count increased by seven, to 549. The last time the count was higher was June 20. The even more exciting news is that the Ohio Utica picked up another rig, boosting the total in Ohio to 13, the highest it’s been in well over a year. Pennsylvania maintained its count of 18 active rigs, which it has maintained since July 25 (two months). West Virginia kept its seven active rigs, the same number since May 30 (four months). The combined M-U count was 38 rigs, with 24 rigs targeting the Marcellus layer and 14 targeting the Utica. Read More “U.S. Rig Count Gained 4th Week in a Row, Up 7 @ 549; M-U Up 1 @ 38”

We continue to eek out progress with the rig report. Last week, the national rig count added three rigs after adding two the prior week and one three weeks ago. We’ve added rigs for three weeks in a row! We ended last week with 542 active rigs across the country. The Utica Shale in Ohio added one rig two weeks ago and kept it last week. The combined count was 37 for two weeks running. PA operated 18 active rigs last week. OH operated 12 rigs. And WV operated 7 rigs. Twenty-four rigs targeted the Marcellus and 13 rigs targeted the Utica last week. Read More “Baker Hughes U.S. Rig Count Gained 3 Rigs, M-U Keeps a Combined 37”