Well permits and completions across Texas are at about 50% less than this time last year, according to the Texas Railroad Commission.
Related: Eagle Ford Counties Lead Production
Since the beginning of the year, the Texas Railroad Commission (RRC) has issued 1,594 permits for wells throughout Texas. This is in contrast to the 2,949 issued between January and March of 2015. For March alone, the agency issued a total of 511 original drilling permits that included 129 oil, 30 gas, 312 oil or gas, 30 injection and 10 other. This was a drop from 923 in March 2015.
The Eagle Ford Shale rig count increased by one last week ending at 48 rigs running across our coverage area by midday Friday with Karnes County topping the list with 11 rigs.
Total well completions for 2016 year to date are 3,452 down from 5,946 recorded during the same period in 2015.