Insights

Cinco Energy's Top 5 Monthly Metrics - May 2019

Insider

451 permian basins

451: The Permian basin rig count, the highest onshore in the US by a wide margin. The Eagle Ford is in second place with 75 active rigs as of May 24th.

20 years agreement

20 years: The length of time that Saudi Arabia has agreed to buy LNG from Sempra Energy as the Kingdom aims to diversify its economy beyond oil.

-7 ring count

-7: The rig count change in New Mexico since the beginning of May. Despite the recent decline, the statewide count is still up by 8 year over year.

cinco-email-img-4-1

500,000 metric tons: The amount of carbon dioxide that Oxy’s proposed “direct air capture” plant would remove from the atmosphere each year.

1 commissioner serving on the colorado oil and gas conservation commission

1: The number of commissioners serving on the Colorado Oil and Gas Conservation Commission with oil & gas experience, down from 3 after the passage of Colorado Senate Bill 181.

cinco-email-img-06 (1)

ABCs: Refresh your knowledge on the most common terms used in the land and title business with Part Two of our glossary.

 

contact cinco energy management group

Subscribe to our blog

We will send you an email whenever a new blog posting has been published.