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Lower 48 oil and gas permitting activity surged in March
Regulators issued 4,439 onshore drilling permits during March, up 52% month/month and 35% year/year, according to the latest tally by Evercore ISI.

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I'm currently betting that this will be good for NGL Energy Partner's, a company that does Crude Oil Logistics across the US (including the Permian basin).

NGL Energy Partners purchases crude oil from producers and marketers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs.

NGL also provides storage, terminaling and transportation services through pipeline assets it owns.

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Steve Matt's avatar
Steve Matt
@interrobangbrosApril 23
Uh, it’s that % right? 771,454% more? So if you had owned 1 share before, now you own 771,455? lol
Nathan Worden's avatar
Nathan Worden
@nathanwordenApril 24Author
@interrobangbros haha wow that looks weird. What happened was:

-I bought some NGL in dollars instead of shares.
  • I sold in the pre-market, and was only able to trade full shares. So I had a small fraction of a share left over.
  • I bought again, so the denominator of what I already owned was tiny.
  • Even then, 771,454% more seems like too much 🥲😅 I will report to the engineers 🙃
Nathan Worden's avatar
Nathan Worden
@nathanwordenApril 26Author
Update: So far this is not going well 🥲
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