Cinco Energy's Top 5 Monthly Metrics - July 2022

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

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

16.66%: The new royalty rate for onshore federal oil and gas leases set forth in the newly proposed climate and energy bill.

$5.97: The estimated average spot price (per MMBtu) of natural gas at Henry Hub for the second half of 2022. The first half of the year averaged $6.07/MMBtu.

6,100: The number of new upstream oil and gas jobs added in Texas in June, setting a state record for upstream jobs added in a single month.

$165MM: The planned investment in geothermal energy projects by the Department of Energy. The project seeks to leverage oil and gas expertise to advance geothermal applications.