The weekly rig count in the U.S., particularly in gas-focused plays, continues to be of concern. That is, it keeps decreasing and then not recovering the decrease. Last Thursday, Baker Hughes said the U.S. lost another eight rigs total (oil and gas)–the seventh week in a row the rig count has decreased. Two weeks ago, the cumulative Marcellus/Utica rig count was even at 49 rigs (see Baker Hughes Rig Count Down 6th Week in a Row – Indicating a Trend). But that was after the M-U had plunged seven weeks earlier, going from 53 to 49. Last week Pennsylvania and West Virginia each lost two rigs. The Marcellus (by itself) hit 35 active rigs last week, the lowest number since March of this year. Please Login to view this content. (Not a member? Join Today!)
The post U.S. Gas Rig Count Whacked Again Last Week – PA & WV Each Lose 2 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.