Posted by ryanhandy Date: April 13, 2017

Thursday, January 25, 2018

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Texas issued more than 1,300 drilling permits in March, twice as many as the same month in 2015. Rigs are rising and companies are rushing back to the shale patch, and to the Permian Basin in particular. But at the same time, well completions were lower than they were last year. The result will be a rise in production but also an increase in the number of drilled but uncompleted wells (DUCs), which will leave a level of production sitting on the sidelines.