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

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

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

 Written by [Camille Nichols](https://insights.cincoland.com/blog/author/camille-nichols) | Nov 1, 2023 5:08:50 PM

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://energynews.us/2023/10/25/millions-to-help-west-virginia-tackle-orphaned-oil-wells-doesnt-go-far-enough/>

[1,700:](https://energynews.us/2023/10/25/millions-to-help-west-virginia-tackle-orphaned-oil-wells-doesnt-go-far-enough/) The number of orphan wells to be plugged in WV using $212 million of federal funds. [Millions to Help West Virginia Tackle Orphaned Oil Wells Doesn't Go Far Enough](https://energynews.us/2023/10/25/millions-to-help-west-virginia-tackle-orphaned-oil-wells-doesnt-go-far-enough/)

<https://www.cnbc.com/2023/10/27/chevron-exxons-latest-buys-could-herald-a-new-era-of-oil-megamergers.html>

[$59.5B:](https://www.cnbc.com/2023/10/27/chevron-exxons-latest-buys-could-herald-a-new-era-of-oil-megamergers.html) The price Exxon will pay to acquire Pioneer Natural Resources, doubling its production volume in the Permian Basin. [Chevron Exxon's Latest Buys Could Herald a New Era of Oil Megamergers](https://www.cnbc.com/2023/10/27/chevron-exxons-latest-buys-could-herald-a-new-era-of-oil-megamergers.html)

<https://www.texastribune.org/2023/10/27/texas-solar-farm-sheep-agrivoltaics/>

[383:](https://www.texastribune.org/2023/10/27/texas-solar-farm-sheep-agrivoltaics/) The number of solar power sites that have combined agricultural use with solar power generation, known as agrivoltaics. [Sheep Graze on Texas Solar Farms as Renewable Energy Companies Embrace Agriculture](https://www.texastribune.org/2023/10/27/texas-solar-farm-sheep-agrivoltaics/)

<https://rigcount.bakerhughes.com/na-rig-count>

[625:](https://rigcount.bakerhughes.com/na-rig-count) The US oil and gas rig count as of October 27. [Baker Hughes October Rig Count ](https://rigcount.bakerhughes.com/na-rig-count)

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

[42%:](https://www.eia.gov/outlooks/steo/) The estimated share of electricity generation coming from natural gas this year, an increase from 39% in 2022. [US Energy Information Administration Short-Term Energy Outlook](https://www.eia.gov/outlooks/steo/)

 

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

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