[Context: On March 23, the Railroad Commission of Texas approved 59 permits. Of those, 16 (27.1%) are PE-related. All but two are planned for the Permian, but targeting different regions, including the Midland Basin, Delaware Basin and the Northwest Shelf.  ArcLight-backed Element Petroleum III and Natural Gas Partners-backed Steward Energy II both are targeting the horizontal San Andres on the Northwest Shelf.]

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