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Texas well completions way ahead of year-ago pace

The Railroad Commission of Texas issued 1,149 original drilling permits in October, up 18% from the 974 permits released in September and outpacing the 997 permits issued in the same month of 2017.

For the month, 1,051 permits were to drill new oil or gas wells, 87 were for wellbore recompletion and 11 were to re-enter plugged wellbores. The permits included 271 for oil-only drilling, 64 for gas-only drilling, and 729 for oil or gas drilling.

The commission said it processed 987 oil, 170 gas and 49 injection well completions in October. During the same month of 2017, the commission reported 257 oil, 91 gas and 39 injection well completions.

Year-to-date well completions stand at 9,254, up 60% from the 5,799 well completions recorded in the same period in 2017.

The Midland area had the most oil well completions in October, with 464, along with 71 gas well completions. Meanwhile, the San Antonio area recorded 123 oil completions and 33 gas completions for the month.