PA Rig Count Has Jumped Nearly 70% Since June

delaware riverkeeper - Jim Willis reports

Jim Willis
Editor & Publisher, Marcellus Drilling News (MDN)

 

The Baker Hughes rig count stats show the number of rigs operating in Pennsylvania has jumped nearly 70% since June! 

The Baker Hughes rig count, watched closely by those in the industry (the benchmark used across the world) has been trending up in the U.S. since July and in Pennsylvania since June. Baker Hughes released its venerable count for September on Friday and once again the counts have gone up—very good news indeed.

Baker Hughes is reporting an average of 509 active rigs in the U.S., up 28 from August. MDN performs its own rig count for the Marcellus/Utica, using Baker Hughes numbers for Pennsylvania, Ohio and West Virginia. The Marcellus/Utica rig count was up for the second month running. In September the Marcellus/Utica rig count jumped up by 7. The biggest gainer was Pennsylvania, up by 5. West Virginia was up by 2, and Ohio stayed even.

rig count

The September report from Baker Hughes, giving us the big picture on rig counts (emphasis added):

Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for September 2016 was 934 down 3 from the 937 counted in August 2016, and down 206 from the 1,140 counted in September 2015. The international offshore rig count for September 2016 was 221, down 7 from the 228 counted in August 2016, and down 47 from the 268 counted in September 2015.

The average U.S. rig count for September 2016 was 509, up 28 from the 481 counted in August 2016, and down 339 from the 848 counted in September 2015. The average Canadian rig count for September 2016 was 141, up 12 from the 129 counted in August 2016, and down 42 from the 183 counted in September 2015.

The worldwide rig count for September 2016 was 1,584, up 37 from the 1,547 counted in August 2016, and down 587 from the 2,171 counted in September 2015.

Here are the numbers for average rig counts by state for PA, OH, and WV over the past 12 months:

rig count

For more great articles on natural gas development every single business day, subscribe to Marcellus Drilling News using this convenient link.

Print Friendly, PDF & Email

3 thoughts on “PA Rig Count Has Jumped Nearly 70% Since June

  1. I think that what you said was very reasonable. But, what about this?

    what if you typed a catchier title? I ain’t suggesting your content isn’t solid., but suppose you added
    a post title that grabbed a person’s attention? I mean PA
    Rig Count Has Jumped Nearly 70% Since June is a little plain. You should look at Yahoo’s front page and
    watch how they create news titles to grab people to open the links.
    You might add a video or a picture or two to get readers interested about everything’ve written. In my opinion, it might make your posts
    a little livelier.

Leave a Reply

Your email address will not be published. Required fields are marked *