The Permian Basin remains unrivaled in its contribution to U.S. energy production. Goldman Sachs anticipates an additional 270,000 bpd of growth by 2026, building on the 520,000 bpd added in 2023.

Ian writes on fossil energies, climate, and transition to renewables. The Permian remains the premiere U.S. basin. The peak of crude oil production in the Permian before the pandemic was 4.9 MMbpd.

A number of topics were discussed, like the amount of oil production in the Permian Basin -- six million barrels per day. It was a packed house inside the Bush Convention Center in Downtown ...

US Energy Development Corporation (USEDC) has announced plans to invest up to $1bn in the Permian Basin during 2025. This decision follows a “record-breaking” year for the exploration and ...

Exxon Mobil Corp. has announced plans to spend $140 billion in the Permian Basin region as part of a plan by the oil and gas giant to ramp up its earnings and return cash to shareholders with a ...

“This looks mostly like a play for additional scale for Civitas and expands the company’s operations beyond the DJ Basin into both sub-basins of the Permian,” Dittmar notes. “While Civitas ...

In 2023, USEDC closed 19 transactions and deployed nearly $600 million, most in the Permian Basin, with other projects in the Barnett, Haynesville, and Powder River basins. "Our long-term ...