Insights from Cinco Energy Management Group

Cinco Energy's Top 5 Monthly Metrics - October 2023

Written by 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.

1,700: 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

$59.5B: 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

383: 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

625: The US oil and gas rig count as of October 27. Baker Hughes October Rig Count

42%: 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