Cinco Energy's Top 5 Monthly Metrics - May 2022

Cinco Energy's Top 5 Monthly Metrics - May 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.

Rig Count in May

728: The rig count as of May 20th, representing the highest count since March 2020.

Crude Oil Production

$12.8 MMBD: The forecasted production of US crude oil next year, surpassing the previous annual average record of 12.3 MMBD set in 2019.

Wind Energy

10GW: The expected increase in wind electricity generation by the end of 2022.

Colgate Energy Acquisition

$2.5 Billion: The acquisition price paid by Centennial Resources for Permian producer Colgate Energy.

Oil Worker Employment

12.5%: The estimated employment growth in the oil and gas industry this year
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