The Railroad Fee of Texas on Friday launched its figures for March drilling within the state, exhibiting a noticeable acquire over the earlier month’s quantity. The general determine additionally tied the extent achieved in January.
RRC figures present 1,072 new drills recorded throughout March (up 27.5%), together with 818 oil wells, 246 gasoline wells and eight dry holes. This compares to 841 complete new drills in February, together with 682 oil wells, 142 gasoline wells and 17 dry holes. This exercise equaled January’s drilling, when 1,072 wells have been recorded, together with 814 oil wells, 242 gasoline wells and 16 dry holes. The distribution of wells in these classes was roughly the identical in March, because it was in January.
In comparison with March 2024, final month’s exercise was 20.3% greater. The figures a yr in the past included 689 oil wells, 183 gasoline wells and 19 dry holes.
The three Permian basin districts—7C, 8 and 8A—comprised 67.3% of all drilling within the state throughout March. That is decrease than different months, the place the determine has exceeded 70%, together with 74.7% in February, 72.4% in January and 71.5% in March 2024.
In the meantime, the fee issued 696 authentic drilling permits in March 2025. The overall contains 613 to drill new oil or gasoline wells, 15 to re-enter plugged wellbores, 5 subject transfers, 1 reclass and 62 for re-completion. The breakdown of effectively sorts for complete authentic drilling permits in March 2025 is: 137 oil, 52 gasoline, 469 oil and gasoline, 20 injection, 1 service, and 17 different permits.
As is at all times the case, the March 2025 numbers are topic to updating and revision by the fee.
