In January 2024, a variety of drilling permits were granted with a notable range in well type composition, highlighting the ongoing diversification of energy resources. The breakdown indicates that the majority of these initial permits were issued for combined oil and gas wells, totaling 558 permits. However, there was also a significant allotment of permits for oil-specific wells, numbering 135. Yet, gas-centric production wasn’t overlooked as 36 gas-oriented drilling permits were also issued. Addition to these, the month saw a sanctioning of 49 injection well-type drilling permits and 21 permits classified under 'other' categories, signifying variability in drilling strategies.
1. A range of drilling permits were granted in January 2024, suggesting a diversification of energy resources.
2. 558 permits were issued for combined oil and gas wells, indicating a high demand for both resources.
3. Oil-specific wells also received considerable attention, with 135 permits issued.
4. The sanctioning of 49 injection well-type drilling permits underlines the industry's interest in secondary recovery methods.
5. Other types of wells received 21 permits, suggesting the industry's exploration of alternative fossil fuel extraction methods.
In January 2024, 799 drilling permits were issued in the United States, with a breakdown of 558 for combined oil and gas wells, 135 for oil wells, 36 for gas wells, 49 for injection wells, and 21 classified as other.
This data indicates an increasing demand for both oil and gas, which can be inferred from the distribution of various types of drilling permits issued in January 2024. The majority were granted for oil and gas wells, underscoring the growth trajectory of the combined markets. More specifically, a total of 558 permits for combined oil and gas wells were issued, significantly surpassing the 135 permits dedicated solely to oil wells, and the 36 for gas wells. Additionally, the issuance of 49 injection well permits emphasizes the continued interest in secondary recovery methods to augment extraction processes. The issuance of 21 permits for other types of wells signifies the industry's broader exploration of alternative sources and methods for fossil fuel extraction.