If April Showers Bring May Flowers, What Do Permits In March Bring?

About a month ago, we noticed a material spike in permitting activity for horizontal wells in the Permian Basin. Based on historical data, the March spike suggested that the Permian horizontal rig count could increase further 25%. We look at what’s happened since then, and update our permitting analysis for April data in this update.

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feature image photo credit: Precision Drilling