[Context: The week of May 22, 312 drilling permits were issued by the Railroad Commission of Texas, about 11% (35) were granted to private equity-related upstream companies. Notables include Warburg Pincus-backed Independence Resources Management, which seeks to drill four verticals in Tom Green County, and SCF Partners-backed Tabula Rasa, which looks to drill a pair of vertical San Andres wells in Andrews County. Further details and related links are below.]

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