Drilling Permit Approvals, New Drilling (DRILLNEW)

What is it? 

An aggregation of all new drilling permits regardless of what is being drilled for.   

Who is interested? 

The direct impact on trucking and transport is the clear link between the demand for trucking and activity in the upstream oil and gas sector. Indirectly, particularly in the shale era, drilling turns into production far quicker than in conventional drilling. This number and others related to drilling permits can be a proxy for future supply. 

What does it tell me? 

The total number of new drilling permits that have been issued for all drilling.

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