Cinco Energy's Top 5 Monthly Metrics - September 2023

Cinco Energy's Top 5 Monthly Metrics - September 2023

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

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

Current crude oil stockpiles lowest in over a year

416.3: Current crude oil stockpiles (in MMbbl), representing the lowest total since January 2022. US Crude Oil Inventories Fall to Lowest Level of 2023 

Current battery storage capacity in TX

3,518: Texas’ current battery storage capacity, in MW. More than 10,000 MW is expected to be online in 2024. Batteries Added to Power Grid This Summer May Have Helped

clean energy investments for IEA climate objectives

$1.8T: The expected amount, in trillions, of total clean energy investments in 2023. The annual spending will need to increase to $4.5 trillion by 2030 to meet climate objectives, per the IEA. Net Zero is Still Possible But Clean Energy Spending Must Go Faster

federal lands for solar energy development

870,000: The total acres of federal land designated for solar energy development. BLM Solar Energy Latest Updates

Permian Basin onshore rig count for September

317: The rig count in the Permian Basin as of Sept. 22, accounting for 50% of the US onshore rigs.
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