Meta Materials Inc (MMAT): Drilling permits suggest industry is rec...

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Tuesday, 03/21/2017 9:38:08 AM

Tuesday, March 21, 2017 9:38:08 AM

Drilling permits suggest industry is recovering.

Houston Chronicle

March 20, 2017

The state of Texas approved almost 1,000 oil and gas drilling permits in February, as the industry responds to higher oil prices and slowly moves toward a recovery. The Railroad Commission of Texas, the state’s oil and gas regulator, approved 991 permits last month, most of which for new wells. That’s an improvement compared with February 2015, when the commission approved 573 drilling permits as the price of oil had fallen to $26 a barrel.

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