Aug 21, 2024 · We forecast that crude oil production in the Permian region will increase by 430,000 b/d from 2023 to 6.3 million b/d in 2024 and 6.6 million b/d in 2025, partly due to drilling productivity improvements.

Oil production thousand barrels/day Permian Region 0 100 200 300 400 500 May 6,169 Mbbl/d Production from new wells Legacy production change Net change Jun 6,187 Mbbl/d thousand barrels/day Permian Region +444 -426 +18 Indicated change in oil production (Jun vs. May)

Jul 23, 2024 · The annual average production growth in the maturing Permian basin is likely to gradually decline from an exceptionally strong 520,000 barrels per day in 2023 to 340,000 barrels per day this year, and to a still robust 270,000 barrels per day in 2026.

Jun 11, 2024 · The U.S. Energy Information Administration (EIA) expects crude oil production in the Permian Basin to average about 6.3 million barrels per day in 2024, an increase of nearly 8% from 2023.

According to the U.S. Energy Information Administration (EIA), crude oil output in the Permian is projected to rise by 430,000 b/d to reach 6.6 million b/d in 2025. Meanwhile, marketed natural gas production is expected to grow to an impressive 25.8 billion cubic feet per day.

3 days ago · Chevron Corp., Houston, is forecasting 2025 total oil and gas production will climb 6-8% from last year’s nearly 3.34 MMboe/d, executives said Jan. 31. That growth is expected to pick up in ...

Jan 4, 2024 · The Permian, Eagle Ford and Bakken plays accounted for 93% of tight oil production in 2023 (Figure 2). In this post, I will focus on the Permian basin but well performance in the Bakken and Eagle Ford plays follow a similar pattern of …

Aug 22, 2024 · The EIA forecasts a 430,000 B/D increase in Permian oil production from 2023 levels, reaching 6.3 million B/D by the end of this year. With further productivity gains anticipated, Permian output could slow but is still expected to rise by another 300,000 B/D in 2025.

Jan 31, 2025 · Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.

Mar 4, 2024 · Unlike its famous gas zone under and around Ft. Worth, the Permian’s version offers about 60 percent liquids and 40 percent gas, which is what’s caught the eye of the Permian’s more oil-oriented producers.