Marcellus/Utica Rig Count Stuck at 33 for Third Week
The Marcellus/Utica rig count remained stagnant for the third week in a row, stuck at 33 rigs. Meanwhile, the national count rose to a new yearly high of 595 rigs, surpassing the previous record of 593 set on August 14.
Oil and gas rigs both saw an increase, as did frac spreads. The West Texas Intermediate (WTI) crude oil price closed at $100.74 per barrel, while the Henry Hub natural gas price reached $2.91.