January drilling permits in Texas less than half from a year ago

 

The number of drilling permits issued by the Railroad Commission of Texas in the month of January totaled 512, less than half of the 1,156 permits issued in January 2020.

The Commission released figures showing the January 2021 total includes 446 permits to drill new oil or gas wells, two to re-enter plugged well bores, and six for re-completions of existing well bores.

The breakdown of well types for original drilling permits in January 2021 is 101 oil, 39 gas, 353 oil or gas, 13 injection, and six other permits.

In January 2021, Commission staff processed 583 oil, 104 gas and 66 injection completions for new drills, re-entries and re-completions, compared to 927 oil, 222 gas, and 157 injection completions in January 2020.

Source: press release