Cinco Energy's Top 5 Monthly Metrics

By Camille Nichols • February 28, 2022

306: The number of active rigs in the Permian Basin, up from 204 one year ago.

760,000 b/d: The projected increase in US crude oil production for 2022 compared to 2021, according to the EIA.

5% The production growth limit for 2022 pledged by independent shale producers Pioneer Natural Resources, Devon Energy and Continental Resources.

7,352 MW: The amount of new wind, solar and energy installation projects in Texas over the last year, making the state the leader in new renewable projects in the US.

26%: The share of LNG imported by the EU from the US in 2021. Last year, the US became Europe’s largest source of LNG, followed by Qatar and Russia.

Cinco Energy's Top 5 Monthly Metrics - February 2022

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