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.
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.