Oil and gas activity in Texas is off to a great start for 2018, with the Texas Railroad Commission (RRC) announcing it granted more permits in January than last year at this time.
Drilling Permits Increased 30% for 2017
The RRC announced last week that it issued 1,166 original drilling permits for the state in January, compared to 956 in January 2017. The breakdown includes:
- 1,036 new oil or gas wells permits
- 18 to re-enter plugged well bores permits
- 112 for re-completions of existing wells permits
- 243 oil, 78 gas, 784 oil or gas, 55 injection, two service and four other permits
- 211 permits were issued in Eagle Ford Shale
2017 was a great year for drilling in Texas, with the Texas Railroad Commission issuing 30% more oil and gas permits than 2016. 2123 of those permits were granted to operators in Eagle Ford Shale counties, surpassing the total 2016 number of 1119.