---
title: Cinco Energy's Top 5 Monthly Metrics - August 2023
description: Cinco Energy's monthly metrics look at oil and gas and energy industry trends for August 2023.
---

[Insights from Cinco Energy Management Group ](https://insights.cincoland.com/blog)

# [Cinco Energy's Top 5 Monthly Metrics - August 2023](https://insights.cincoland.com/blog/cinco-energys-top-5-monthly-metrics-august-2023)

 Written by [Camille Nichols](https://insights.cincoland.com/blog/author/camille-nichols) | Aug 30, 2023 1:03:00 PM

What were the most interesting data points in the energy industry last month?

Find out in our latest edition of CINCO's Monthly Metrics.

<https://www.rigzone.com/news/texas_oil_and_gas_employment_still_rising-19-sep-2022-170406-article/><https://www.eia.gov/todayinenergy/detail.php?id=60201>

[10.6:](https://www.eia.gov/todayinenergy/detail.php?id=60201) The average monthly production (in MMB/D) forecasted in the L48 in the second half of this year. 

<https://energynow.com/2023/08/permian-resources-to-acquire-earthstone-energy-in-all-stock-transaction-creating-a-14-billion-premier-delaware-basin-independent-ep/>

[223,000:](https://energynow.com/2023/08/permian-resources-to-acquire-earthstone-energy-in-all-stock-transaction-creating-a-14-billion-premier-delaware-basin-independent-ep/) The Permian Basin net acres that Permian Resources Corp. will acquire from Earthstone Energy in a transaction valued at approximately $4.5 billion.

<https://www.reuters.com/markets/commodities/us-power-system-gets-gasier-not-much-cleaner-2023-2023-08-23/>

[40.4%:](https://www.reuters.com/markets/commodities/us-power-system-gets-gasier-not-much-cleaner-2023-2023-08-23/) The share of US power generated by natural gas YTD, up from 36% in the same period last year.

<https://rigcount.bakerhughes.com/>

[632](https://rigcount.bakerhughes.com/): The US rig count as of August 25th, lower by 133 compared to one year ago.

<https://apnews.com/article/climate-carbon-direct-air-capture-energy-3779d7776120570e9e9a53a00693dd1a>

[2:](https://apnews.com/article/climate-carbon-direct-air-capture-energy-3779d7776120570e9e9a53a00693dd1a) 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.

 

[View full post](https://insights.cincoland.com/blog/cinco-energys-top-5-monthly-metrics-august-2023)

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