Permits for Onshore Drilling Soar in US

摘要

The US onshore drilling permit total in June climbed to its highest perch in 20 months, blowing past 4,000 to land 4,357 permits for a year-over-year increase of 136, Evercore ISI analysts said in a recent report. What's encouraging companies to advance with the expense and regulatory mechanics of pursuing permits is the rig count's ramp-up - and that's motivated by management confidence in well efficiencies and stronger oil prices, James West, senior managing director for oil-field services at Evercore, told Oil Daily.