RRC reports steep decline in drilling permits, completion stats for May ‘20

RRC reports steep decline in drilling permits, completion stats for May ‘20

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AUSTIN—The Texas Railroad Commission issued a total of 251 original drilling permits in May 2020 compared to 1,050 in May 2019. The May 2020 total includes 208 permits to drill new oil or gas wells, one to re-enter plugged well bores and 27 for recompletions of existing well bores. The breakdown of well types for original drilling permits during the last month is 59 oil, 22 gas, 159...

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