Last month, the Texas Railroad Commission, which regulates the oil and gas industry in the state, issued 656 permits to drill wells, a slight improvement over May. That’s a far cry from the 2,200 permits issued in June 2104, when oil prices peaked at about $107 a barrel, but it was the fifth consecutive month that figure remained above January’s level, the lowest of the two-year downturn.
Sign of better times? Drilling permits rise
Jul 18, 2016 | News RoundupLess than a minute