Wednesday, January 22, 2014

Marcellus Utica Rig Count Shift

As the Marcellus and Utica expand geographically, and transportation constraints persist in Pennsylvania, the rigs are migrating West and South:

  • Pennsylvania horizontals are down 50% from two years ago, to 50 rigs currently.
  • West Virginia horizontals are up 50% to above 30 rigs currently.
  • Ohio, where rig classification is an issue, has seen Oil+Gas horizontals rise to 29 from nothing.