Texas Drilling Permits and Completions Statistics for February 2017
Texas Drilling Permits and Completions Statistics for
AUSTIN -- The Railroad Commission of Texas (Commission) issued a total of 991 original drilling permits in February 2017 compared to 573 in February 2016. The February total included 847 permits to drill new oil or gas wells, 11 to re-enter plugged well bores and 133 for re-completions of existing well bores. The breakdown of well types for those permits issued February 2017 included 258 oil, 37 gas, 640 oil or gas, 43 injection, one service and 12 other permits.
In February 2017, Commission staff processed 533 oil, 95 gas, 49 injection and zero other completions compared to 822 oil, 186 gas, 57 injection and one other completions in February 2016. Total well completions for 2017 year to date are 1,213; down from 2,270 recorded during the same period in 2016.
According to Baker Hughes Inc., the Texas rig count as of March 10 was 392, representing about 51 percent of all active rigs in the United States.