Gulf of Mexico New Well Permitting Activity Up 26% from Last Year, an Industrial Info Market Brief

The U.S. Department of the Interior has issued new well permits despite the 2019 government shutdown. Twenty-four new well permits had been issued for the Gulf of Mexico as of March 26, a 26% increase from the 19 new well permits that were issued during the same period in 2018. Thirty-eight percent of these new wells are classified as exploratory wells.