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Cinco Energy's Top 5 Monthly Metrics - May 2022

Insider

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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