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

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

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

 Written by [Camille Nichols](https://insights.cincoland.com/blog/author/camille-nichols) | Oct 2, 2023 6:06:08 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://www.wsj.com/business/energy-oil/u-s-crude-oil-inventories-fall-to-lowest-level-of-2023-283c36bf>

[416.3:](https://www.wsj.com/business/energy-oil/u-s-crude-oil-inventories-fall-to-lowest-level-of-2023-283c36bf) Current crude oil stockpiles (in MMbbl), representing the lowest total since January 2022. [US Crude Oil Inventories Fall to Lowest Level of 2023](https://www.wsj.com/business/energy-oil/u-s-crude-oil-inventories-fall-to-lowest-level-of-2023-283c36bf)<https://www.wsj.com/business/energy-oil/u-s-crude-oil-inventories-fall-to-lowest-level-of-2023-283c36bf>

<https://www.houstonchronicle.com/business/energy/article/ercot-grid-battery-solar-enel-texas-18350609.php>

[3,518:](https://www.houstonchronicle.com/business/energy/article/ercot-grid-battery-solar-enel-texas-18350609.php) 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](https://www.houstonchronicle.com/business/energy/article/ercot-grid-battery-solar-enel-texas-18350609.php)

<https://www.wsj.com/articles/net-zero-is-still-possible-but-clean-energy-spending-must-go-faster-a14fca86>

[$1.8T:](https://www.wsj.com/articles/net-zero-is-still-possible-but-clean-energy-spending-must-go-faster-a14fca86) 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](https://www.wsj.com/articles/net-zero-is-still-possible-but-clean-energy-spending-must-go-faster-a14fca86)

<https://www.blm.gov/programs/energy-and-minerals/renewable-energy/solar-energy>

[870,000:](https://www.blm.gov/programs/energy-and-minerals/renewable-energy/solar-energy) The total acres of federal land designated for solar energy development. [BLM Solar Energy Latest Updates](https://www.blm.gov/programs/energy-and-minerals/renewable-energy/solar-energy)

<https://www.bakerhughes.com>

[317:](https://www.bakerhughes.com) The rig count in the Permian Basin as of Sept. 22, accounting for 50% of the US onshore rigs.

 

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

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