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Texas drilling permits, well completions dip in February

The Railroad Commission of Texas issued 961 original drilling permits in February, a decrease from the 1,196 permits it released in January and the 1,097 permits it issued in February 2018.

For the month, 887 permits were for new oil or gas wells, 67 were for wellbore recompletions and seven were to re-enter plugged wellbores. The permits included 246 for oil-only drilling, 54 for gas-only drilling, and 597 for oil or gas drilling.

The commission said it processed 584 oil, 175 gas and 21 injection well completions for the report month. In the year-ago period, the commission reported 672 oil, 149 gas and 56 injection well completions.

Well completions for the year stand at 1,804, down 2.2% from the 1,845 well completions recorded in the same period in 2018.

The Midland area had the most oil well completions during the report month with a total of 204 and had the biggest number of gas well completions at 47. The San Angelo area came in second at 68 oil completions, while the San Antonio area had 44 gas completions in February.