The number of Texas drilling permits issued in April dropped by about 50%, compared to a year earlier, to 456, the Texas Railroad Commission (RRC) said May 12.
Of the permits issued, 416 were to drill new oil and gas wells, mostly in the Midland district where companies plan to drill 263 oil and gas wells.
Well completions processed by the RRC also dropped in April. Commission staff processed 981 oil, 246 gas and 249 injection completions for new drills, re-entries and re-completions, compared to 593 oil, 143 gas, and 36 injection completions in April 2019.
So far this year, there have been 5,285 well completions processed for new drills, reentries and recompletions, compared to 3,244 during the same period last year, the RRC said.
Recent Information Technology changes are allowing the RRC to report more detailed monthly drilling permits and well completions data, the regulatory agency said, noting prior year reports may not correlate exactly to the same results on the new report.
More information is available on the RRC’s website.
Recommended Reading
Interoil to Boost Production in Ecopetrol Fields
2024-09-03 - Interoil will reopen shut-in wells at three onshore fields, which are under contract by Ecopetrol.
Chevron Boosts Oil, NatGas Recovery in Gulf of Mexico
2024-09-03 - Chevron’s Jack/St. Malo and Tahiti facilities have produced 400 MMboe and 500 MMboe, respectively.
CNOOC Makes Ultra-deepwater Discovery in the Pearl River Mouth Basin
2024-09-11 - CNOOC drilled a natural gas well in the ultra-deepwater area of the Liwan 4-1 structure in the Pearl River Mouth Basin. The well marks the first major breakthrough in China’s ultra-deepwater carbonate exploration.
Seadrill to Adopt Oil States’ Offshore MPD Technology
2024-09-17 - As part of their collaboration, Seadrill will be adopting Oil States International’s managed pressure drilling integrated riser joints in its offshore drilling operations.
Permian Resources Closes $820MM Bolt-on of Oxy’s Delaware Assets
2024-09-17 - The Permian Resources acquisition includes about 29,500 net acres, 9,900 net royalty acres and average production of 15,000 boe/d from Occidental Petroleum’s assets in Reeves County, Texas.