Wednesday, May 7, 2014

Texas Drilling, Completion, and Permitting Activity in April

The Texas RRC released its Drilling and Completion Report for April today, showing continued momentum in liquids-rich drilling activity.  Permits for wells targeting both oil and gas remained high, while oil-only permits rose, and gas-only permits fell to multi-year lows.

Completions, which are often reported late, were low, at 1,012 oil wells and just 92 gas wells.

The recent monthly data by region:

The RRC Report