Free Trial

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.
89 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

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.