What were the most interesting data points in the energy industry last month?
Find out in our latest edition of CINCO's Monthly Metrics.
![Oil production forecast for second half of 2023](https://insights.cincoland.com/hs-fs/hubfs/1-Aug-29-2023-05-29-49-2937-PM.png?width=650&height=650&name=1-Aug-29-2023-05-29-49-2937-PM.png)
10.6: The average monthly production (in MMB/D) forecasted in the L48 in the second half of this year.
![Permain Resource Corp acquisition of Permian Basic acreage](https://insights.cincoland.com/hs-fs/hubfs/2-Aug-29-2023-05-29-50-2839-PM.png?width=650&height=650&name=2-Aug-29-2023-05-29-50-2839-PM.png)
223,000: The Permian Basin net acres that Permian Resources Corp. will acquire from Earthstone Energy in a transaction valued at approximately $4.5 billion.
![Increase in US power generated by natural gas](https://insights.cincoland.com/hs-fs/hubfs/3-Aug-29-2023-05-29-50-8083-PM.png?width=650&height=650&name=3-Aug-29-2023-05-29-50-8083-PM.png)
40.4%: The share of US power generated by natural gas YTD, up from 36% in the same period last year.
![US Oil rig count in August 2023](https://insights.cincoland.com/hs-fs/hubfs/4-Aug-29-2023-05-29-50-3305-PM.png?width=650&height=650&name=4-Aug-29-2023-05-29-50-3305-PM.png)
632: The US rig count as of August 25th, lower by 133 compared to one year ago.
![Direct Air Capture projects obtaining DoE funding](https://insights.cincoland.com/hs-fs/hubfs/5-Aug-29-2023-05-29-50-8301-PM.png?width=650&height=650&name=5-Aug-29-2023-05-29-50-8301-PM.png)
2: The number of new Direct Air Capture projects to obtain DoE funding. The commercial-scale projects will be located in Calcasieu Parish, LA and Kleburg County, TX.