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Railroad Commission Statistics Point to Rebound

On February 10, 2017, the Texas Railroad Commission released its permits and completions statistics for January 2017. The RRC issued a total of 956 original drilling permits during January 2017, nearly double the number of original drilling permits issued during the same period last year. The Midland District was by far the most active with 350 drilling permits. The San Antonio and Refugio Districts each accounted for over 100 drilling permits as well.

The Railroad Commission also noted in its press release that according to Baker Hughes, Inc., the Texas rig count as of February 10, 2017 was 362, representing about 49% of all active rigs in the United States.