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U.S. Drops One Natural Gas Rig; Permian Slowdown Drives Oil Declines
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New natural gas and oil drilling permits almost doubled in May in one portion of the Permian Basin in Texas, but overall, activity was down sharply in the state. The Railroad Commission of Texas (RRC) issued 65 natural gas and oil drilling permits for the San Angelo district, aka District 7C, a nearly 97% increase…June 6, 2023