Data from Drilling Info Inc. shows the amount of new well permits being issued across the United States dropped 40% in the last month, reports Reuters. The information, which was released yesterday, showed only 4,520 new well permits were issued in November, compared to 7,227 in October.

New permits, which indicate drilling rig activity  approximately 60 to 90 days in the future, showed steep declines for the first time this year across the top three U.S. onshore fields: the Permian Basin and the Eagle Ford in Texas, and the Bakken shale in ...


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