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Texas oil, gas permits fall in November

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Texas oil, gas permits fall in November

The Railroad Commission of Texas issued 958 original drilling permits in November, lower than the 971 permits released in the prior month, but higher than 933 in the same period a year ago.

For the month, permits to drill new oil or gas wells totaled 882, wellbore recompletions reached 66 and permits to re-enter plugged wellbores were 10. The permits included 621 for oil or gas drilling, 208 for oil-only drilling and 51 for gas-only drilling.

The regulator reported 711 oil, 117 gas and 34 injection well completions during the month. In November 2018, the commission processed 794 oil, 151 gas and 36 injection well completions.

Year-to-date well completions dropped at 8,629, compared with 10,236 well completions in the same period last year.

The Midland area had the highest oil and gas completions at 361 and 34, respectively. San Antonio followed with 136 oil completions and 46 gas completions.