Cinco Energy's Top 5 Monthly Metrics - February 2022

Written by Camille Nichols | Feb 28, 2022 5:57:34 PM

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.

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