Permit approvals for U.S. onshore oil and gas drilling slowed in July versus June, dropping 8% to 1,538, according to new data compiled by Everus and Evercore ISI.
The decline was driven by the Permian Basin, which saw approvals overall drop by 9% or 64 permits to 666.
In the Appalachian Basin, the largest source of U.S. natural gas supply, permit approvals in the Marcellus and Utica shale plays totaled 162 in July, down from 171 in June. In the Haynesville Shale, the tally dipped to 26 from 29.
