The United States had 1,045 drilling rigs in operation running at the end of last week.
The State of Texas ended last week with 514 drilling rigs in operation.
The Texas Railroad Commission issued 357 drilling permits last week to bring the 10-week rolling average to 292.
Natural gas prices averaged $2.85 mmbtu last week and West Texas Intermediate (WTI) gained $0.57 to average $53.58 per barrel.
Things are looking positive for the Texas oil and gas industry and we look forward to providing you more updates every week!