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Texas Oil and Gas Drilling Permits Down 33% in March

ENERGY

Texas drilling permits for oil and natural gas were down by 33% on the year in March, amid declined in all major producing regions, Argus said.

  • There were 669 permits issued in March for drilling oil, gas, or both, according to the Texas Railroad Commission (RRC).
  • While down from 999 in March 2023, permits were up from 659 in February.
  • The year-on-year drop was led by a decline in the Midland region, where permits fell in March to 328, down 133 on the year and five on the month.

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