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If Permits Are Any Indicator…

This week’s blog put a few key states with recent permit increases in the spotlight. Though permits do not show a direct relationship to drilling and completion activity, they can still be used to help visualize a picture of the coming months.

Increasing permits can be seen in many basins across the US, including the Appalachian, Gulf Coast, and Rockies Basins. The increasing permit activity in these basins is largely being driven by individual states within each basin. The main states with increasing permit approvals include CO, LA, and PA. Colorado, with almost 300 permit approvals in October, increased approved permit numbers by 39% from June 2016. Louisiana, with 71 permit approvals in October, has experienced an increase of 58% since June and 15% since September. Lastly, Pennsylvania filed 120 permits in October, which is 25% more than in June of this year.

Permits

There are a number of counties to be on the lookout for in both Louisiana and Pennsylvania that have experienced some of the highest recent volumes of approved permits. These counties, along with their permit counts since June 2016, are listed below.

Permits

While we aren’t predicting the percentage of these permits that will ultimately be drilled and completed, the counties above have shown that they are hotspots for permit activity which may lead to increased completion activity down the road.

Want more information on NavPort’s leading permits, completions and production platform? Contact us at support@rseg.com.


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