Oil and gas permitting in the United States slowed down last month, with the decline particularly marked in the Permian. This is according to data from Evercore ISI, cited by Natural Gas Intelligence, which also showed that despite the slowdown in permitting activity, it remained stronger than it was a year ago. In absolute numbers, oil and gas permits issued in the Lower 48 last month were 3,106 fewer than those issued in July. Yet the August total was 27 percent higher than the number of permits issued in August 2021 and 178 percent higher than the number of permits issued in August 2020, the investment bank’s data also showed. The decline in permitting was not distributed evenly across oil and gas regions, either. According to Evercore ISI, the Powder River Basin spanning Montana and Wyoming saw the biggest increase in permit issuance, at 134 permits. On the other […]