--- title: Cinco Energy's Top 5 Monthly Metrics - January 2024 description: Cinco Energy's monthly metrics look at oil and gas and energy industry trends for January 2024. image: https://insights.cincoland.com/hubfs/3-Jan-30-2024-05-20-28-9310-PM.png --- [Insider](https://insights.cincoland.com/blog/topic/insider) # Cinco Energy's Top 5 Monthly Metrics - January 2024 ![Cinco Energy's Top 5 Monthly Metrics - January 2024](https://2962170.fs1.hubspotusercontent-na1.net/hubfs/2962170/3-Jan-30-2024-05-20-28-9310-PM.png) ![Cinco Energy's Top 5 Monthly Metrics - January 2024](https://insights.cincoland.com/hs-fs/hubfs/3-Jan-30-2024-05-20-28-9310-PM.png?width=400&height=200&name=3-Jan-30-2024-05-20-28-9310-PM.png) By [Camille Nichols](https://insights.cincoland.com/blog/author/camille-nichols) • January 30, 2024 What were the most interesting data points in the energy industry last month? Find out in our latest edition of CINCO's Monthly Metrics. [![O&G upstream M&A transaction value in 2023](https://insights.cincoland.com/hs-fs/hubfs/1-Jan-30-2024-05-20-27-8931-PM.png?width=650&height=650&name=1-Jan-30-2024-05-20-27-8931-PM.png)](https://www.rigzone.com/news/oil_and_gas_undergoing_historic_consolidation_wave-26-jan-2024-175525-article/) [$190B:](https://www.rigzone.com/news/oil_and_gas_undergoing_historic_consolidation_wave-26-jan-2024-175525-article/) The total upstream M&A transaction value in 2023. Permian deals accounted for $103 billion of the annual total. [Upstream M&A Transactions in 2023](https://www.rigzone.com/news/oil_and_gas_undergoing_historic_consolidation_wave-26-jan-2024-175525-article/) [![number of Texas counties much larger than neighboring states](https://insights.cincoland.com/hs-fs/hubfs/Cinco%20Monthly%20Metrics%20-%20October%202023.png?width=650&height=650&name=Cinco%20Monthly%20Metrics%20-%20October%202023.png)](https://www2.census.gov/geo/pdfs/reference/GARM/Ch4GARM.pdf) [254:](https://www2.census.gov/geo/pdfs/reference/GARM/Ch4GARM.pdf) The number of counties in Texas, eclipsing the totals in other states. By comparison, neighboring New Mexico and Oklahoma have 33 and 77 counties, respectively. [County Information from US Census](https://www2.census.gov/geo/pdfs/reference/GARM/Ch4GARM.pdf) [![solar-generated electricity forecasts for 2024 & 2025](https://insights.cincoland.com/hs-fs/hubfs/3-Jan-30-2024-05-20-28-9310-PM.png?width=650&height=650&name=3-Jan-30-2024-05-20-28-9310-PM.png)](https://www.eia.gov/outlooks/steo/) [36 GW:](https://www.eia.gov/outlooks/steo/) The expected amount of solar-generated electricity to come on line this year in the US, followed by 43 GW in 2025. [EIA: Outlooks](https://www.eia.gov/outlooks/steo/) [![projected WTI crude oil prices by end of 2024](https://insights.cincoland.com/hs-fs/hubfs/4-Jan-30-2024-05-20-27-8141-PM.png?width=650&height=650&name=4-Jan-30-2024-05-20-27-8141-PM.png)](https://www.rigzone.com/news/where_will_wti_crude_oil_price_be_at_end2024-02-jan-2024-175228-article/) [$77.68:](https://www.rigzone.com/news/where_will_wti_crude_oil_price_be_at_end2024-02-jan-2024-175228-article/) The projected WTI crude price at the end of 2024, per the latest Dallas Fed Energy Survey. [Where Will WTI Crude Oil Price Be At End-2024?](https://www.rigzone.com/news/where_will_wti_crude_oil_price_be_at_end2024-02-jan-2024-175228-article/) [![top crude oil producer in lower 48 states](https://insights.cincoland.com/hs-fs/hubfs/5-Jan-30-2024-05-20-27-3704-PM.png?width=650&height=650&name=5-Jan-30-2024-05-20-27-3704-PM.png)](https://www.rigzone.com/news/who_is_the_top_public_lower_48_producer-19-jan-2024-175450-article/) [1.16 MMBOE/d:](https://www.rigzone.com/news/who_is_the_top_public_lower_48_producer-19-jan-2024-175450-article/) ExxonMobil’s US production volume per recently released 2023 data. Chesapeake Energy and EOG trailed the supermajor, with 1.13 and 1.10 MMBOE/day, respectively. [Who is the Top Public Lower 48 Producer?](https://www.rigzone.com/news/who_is_the_top_public_lower_48_producer-19-jan-2024-175450-article/)   [![contact cinco energy management group](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/2962170/8d7fbfa8-8e0b-4c9c-9a2f-178ed481186e.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/2962170/8d7fbfa8-8e0b-4c9c-9a2f-178ed481186e) **Share this** - [![Share on Facebook](https://www.cincoland.com/wp-content/themes/cinco/assets/img/Social_Facebook.svg)](https://www.facebook.com/sharer/sharer.php?u=https://insights.cincoland.com/blog/cinco-energys-top-5-monthly-metrics-january-2024) - [![Share on Twitter](https://www.cincoland.com/wp-content/themes/cinco/assets/img/Social_Twitter.svg)](https://twitter.com/share?text=Cinco%20Energy's%20Top%205%20Monthly%20Metrics%20-%20January%202024&url=https://insights.cincoland.com/blog/cinco-energys-top-5-monthly-metrics-january-2024) - [![Share on Pinterest](https://www.cincoland.com/wp-content/themes/cinco/assets/img/Social_Pinterest.svg)](https://pinterest.com/pin/create/button/?url=https://insights.cincoland.com/blog/cinco-energys-top-5-monthly-metrics-january-2024&media=https://2962170.fs1.hubspotusercontent-na1.net/hubfs/2962170/3-Jan-30-2024-05-20-28-9310-PM.png&description=Cinco%20Energy's%20Top%205%20Monthly%20Metrics%20-%20January%202024) - [![Share on LinkedIn](https://www.cincoland.com/wp-content/themes/cinco/assets/img/Social_LinkedIn.svg)](https://www.linkedin.com/sharing/share-offsite/?url=https://insights.cincoland.com/blog/cinco-energys-top-5-monthly-metrics-january-2024) ## Subscribe to Our Blog We will send you an email whenever a new blog posting has been published. ## More Insight Related Articles from our Blog ![](https://px.ads.linkedin.com/collect/?pid=1175354&fmt=gif)