---
title: Cinco Energy's Top 5 Monthly Metrics - May 2023
description: Cinco Energy's monthly metrics look at oil and gas and energy industry trends for May 2023.
---

[Insights from Cinco Energy Management Group ](https://insights.cincoland.com/blog)

# [Cinco Energy's Top 5 Monthly Metrics - May 2023](https://insights.cincoland.com/blog/cinco-energys-top-5-monthly-metrics-may-2023)

 Written by [Camille Nichols](https://insights.cincoland.com/blog/author/camille-nichols) | May 29, 2023 11:30:00 AM

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

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

<https://www.rigzone.com/news/texas_oil_and_gas_employment_still_rising-19-sep-2022-170406-article/><https://www.eia.gov/energyexplained/us-energy-facts/data-and-statistics.php>

[102.9 quadrillion Btu:](https://www.eia.gov/energyexplained/us-energy-facts/data-and-statistics.php)  The total primary energy production in the US, led by natural gas (36%), petroleum (31%), and renewable energy (13%). [U.S. energy facts - data and statistics - U.S. Energy Information Administration (EIA)](https://www.eia.gov/energyexplained/us-energy-facts/data-and-statistics.php)

<https://netzeroamerica.princeton.edu/the-report>

[210%:](https://netzeroamerica.princeton.edu/the-report) The required expansion of US solar and wind transmission lines to meet 2050 climate goals. [The Report | Net-Zero America Project (princeton.edu)](https://netzeroamerica.princeton.edu/the-report)

<https://www.eia.gov/outlooks/steo/>

[38 Bcf/d:](https://www.eia.gov/outlooks/steo/) The forecasted average US natural gas consumption for this summer, the second-highest consumption rate on record. [Short-Term Energy Outlook - U.S. Energy Information Administration (EIA)](https://www.eia.gov/outlooks/steo/)

<https://www.usnews.com/news/business/articles/2023-05-17/biden-administration-invests-in-carbon-capture-upping-pressure-on-industry-to-show-results>

[$251MM:](https://www.usnews.com/news/business/articles/2023-05-17/biden-administration-invests-in-carbon-capture-upping-pressure-on-industry-to-show-results) The size of a new DOE funding package for carbon capture and storage projects in seven states. [Biden Administration Invests in Carbon Capture, Upping Pressure on Industry to Show Results (usnews.com)](https://www.usnews.com/news/business/articles/2023-05-17/biden-administration-invests-in-carbon-capture-upping-pressure-on-industry-to-show-results)

<https://www.chevron.com/newsroom/2023/q2/chevron-announces-agreement-to-acquire-pdc-energy>

[$7.6B:](https://www.chevron.com/newsroom/2023/q2/chevron-announces-agreement-to-acquire-pdc-energy) The transaction value of Chevron’s deal to acquire Denver-based PDC Energy. 

[Chevron Announces Agreement to Acquire PDC Energy — Chevron](https://www.chevron.com/newsroom/2023/q2/chevron-announces-agreement-to-acquire-pdc-energy)

 

[View full post](https://insights.cincoland.com/blog/cinco-energys-top-5-monthly-metrics-may-2023)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Camille Nichols"
  },
  "dateModified" : "2023-09-11T16:47:46.512Z",
  "datePublished" : "2023-05-29T11:30:00Z",
  "headline" : "Cinco Energy's Top 5 Monthly Metrics - May 2023",
  "image" : {
    "@type" : "ImageObject",
    "height" : 558,
    "url" : "https://2962170.fs1.hubspotusercontent-na1.net/hubfs/2962170/1-3.png",
    "width" : 558
  },
  "mainEntityOfPage" : "https://insights.cincoland.com/blog/cinco-energys-top-5-monthly-metrics-may-2023",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60.0,
      "url" : "https://cdn2.hubspot.net/hubfs/2962170/Cincoland-Apr2017/Image/cinco-logo.png",
      "width" : 240.00002
    },
    "name" : "Insights "
  }
}
```