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Texas drilling permits, well completions holds steady in June

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Texas drilling permits, well completions holds steady in June

The Railroad Commission of Texas issued 1,230 original drilling permits in June, held steady about 1.05% from the 1,243 permits released in May but greater than of the 1,305 permits issued in the same month of 2017.

For the month, 1,062 permits were to drill new oil or gas wells, 155 were for wellbore recompletion and 13 were to re-enter plugged wellbores. The permits included 342 for oil-only drilling, 67 for gas-only drilling, and 742 for oil or gas drilling.

The commission said it processed 914 oil, 158 gas and 48 injection well completions in June. During the same month of 2017, the commission reported 510 oil, 96 gas and 43 injection well completions.

Year-to-date well completions stand at 5,574, up 43.96% from the 3,872 well completions recorded in the same period in 2017.

Midland had the most oil well completions, with a total of 425, along with 31 gas well completions. Meanwhile, the San Antonio area recorded 163 oil completions and 55 gas completion for the month.