West Virginia

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”

Finally, some good news to report on the U.S. and Marcellus/Utica rig count. Last week, the national rig count added two rigs after adding one the prior week, the first time we’ve added rigs for two weeks in a row since April of this year. We ended the week with 539 active rigs. In some even better news, the Utica Shale in Ohio added a rig last week, the first rig added to the M-U count since July 25. In fact, the combined count (37) has not been this high since May 23. Break out the party hats! Read More “Baker Hughes U.S. Rig Count Gained 2 Rigs, Utica Gained 1 Last Wk”

Last week, the rig count bleeding stopped, at least temporarily, with the addition of one rig to the Baker Hughes U.S. rig count. We ended the week with 537 active rigs. The count has been down 16 of the last 19 weeks, beginning on May 2. Fortunately, the Marcellus/Utica count has remained constant for the past seven weeks, at a combined 36 active rigs. PA operated 18 active rigs. OH ran 11 rigs. And WV operated 7 rigs. Twenty-four rigs targeted the Marcellus and 12 rigs targeted the Utica last week. Baker Hughes said oil rigs rose by two to 414 last week, while gas rigs fell by one to 118. Read More “Baker Hughes U.S. Rig Count Stopped Bleeding, Gained 1 Rig Last Week”