The South Texas Drilling Permit Roundup provides a weekly overview of all new drilling permits filed with the Railroad Commission of Texas in 67 counties of South Texas.
XTO Energy Inc. is an ExxonMobil affiliate that wants to expand in La Salle County.
XTO Energy Inc. plans to drill six horizontal wells with a 10,000-foot completion depth, 19,6 miles northeast of Cotulla, in La Salle County. Drills are currently being mapped. In La Salle County, EP Energy E&P Company LLC plans to drill three horizontal wells at a depth of 10,000 feet, 20.6 miles north-east of Encinal.
Repsol Oil & Gas USA LLC is another active filer from last week. They plan six horizontal wells with completion depths of 14,275 feet, located 5.11 miles southwest in De Witt County.
South Texas Drilling Permit Roundup
Date range: April 24 to May 1
New Permit Applications: 34
Companies filing: 15
La Salle County is the county with the most applications.
The most active companies are Repsol Oil & Gas USA LLC, XTO Energy Inc. with six applications.
ExxonMobil Corporation is the parent company of XTO Energy Inc., and it is headquartered in Spring Texas. It is also one of the world's largest publicly traded energy companies. Exxon Mobil Corporation reported record earnings for the first quarter of 2023, which amounted to $11.4 billion or $2.79 per common share.
ExxonMobil earned $12.8 billion in Q4 2022.
ExxonMobil increased its oil and gas production by almost 300,000 oil equivalent barrels per day compared to the first quarter of 2022.
ExxonMobil announced plans in January to build its first world-scale hydrogen production plant at its Baytown, Texas refinery and petrochemical complex, as part of the company's goal to achieve net-zero emissions of greenhouse gases by 2050.