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Texas oil, gas permits on upswing in May

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Texas oil, gas permits on upswing in May

The Railroad Commission of Texas issued 1,021 original drilling permits in May, up about 12% from the 909 permits released in April and showing a year-over-year increase of about 68%.

For the month, 841 permits were to drill new oil or gas wells, 155 were for wellbore recompletion and 25 were to re-enter plugged wellbores. The permits included 274 for oil-only drilling, 43 for gas-only drilling and 619 for oil or gas drilling. In May 2016, the state oil and gas regulator issued 606 drilling permits.

The commission said it processed 593 oil, 115 gas and 60 injection well completions for the month.

In April, 439 oil, 44 gas and 45 injection well completions were processed. In May 2016, the commission reported 760 oil, 199 gas and 60 injection well completions. Year-to-date well completions are 3,223, down nearly 42% from the 5,529 well completions recorded in the same period in 2016.

The San Antonio area was the busiest region, with 61 oil well completions and 29 gas well completions. Meanwhile, the Refugio area recorded 64 oil completions and 7 gas completions in May.