Tuesday, September 24, 2013

Texas Drilling Permits and Completions

As previously discussed, Texas publishes a helpful monthly summary of drilling permits and well completions.  The catch is that there are three types of permits and only two types of completions.  Permits can be for oil, gas, or oil+gas.  Completions are classified as either gas or oil.

Here is a statewide look at the permit history and the completion history, with monthly data and a 3 month moving average line: