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1. • 430,000 b/d

     • 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.
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     Permian production forecast growth driven by well ...

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   Will crude oil production increase in the Permian region in 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.

   Permian production forecast growth driven by well productivity

   www.eia.gov/todayinenergy/detail.php?id=62884

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   Will Permian oil production increase in 2025?

   • Source: US Energy Information Administration. 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.

   EIA: Led By Permian, US Oil Output To Grow by 500K B/D in 2025 - JPT

   jpt.spe.org/eia-led-by-permian-us-oil-output-to-grow-by-500k-b-d-in-2025

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   How much oil will the Permian Basin produce in December?

   • Oil output from the Permian Basin will expand in November and December, marking the region’s longest run of monthly gains in two years. The world’s most productive shale patch is expected to pump a record 5.98 million barrels a day in December.

   Oil Output to Grow Through at Least Year-End in Prolific Permian

   www.bloomberg.com/news/articles/2023-11-13/oil-output-to-grow-through-at-least-year-end-in-prolific-permian

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   Will natural gas production increase in the Permian region in 2023?

   • So far in 2023, natural gas production has increased in the Permian region even as the rig count has decreased. According to Baker Hughes, 322 active rigs were operating in the Permian region as of September 15, 31 fewer than at the start of the year.

   U.S. Energy Information Administration - EIA - Independent Statistics

   www.eia.gov/todayinenergy/detail.php?id=60702

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   Why is Permian gas rising?

   • The EIA points out that the surge in Permian gas is largely the result of rising associated gas from the basin’s oil wells. “We expect crude oil prices will remain sufficiently high to support growth in crude oil production and associated natural gas production in the region,” the report added.

   EIA: Led By Permian, US Oil Output To Grow by 500K B/D in 2025 - JPT

   jpt.spe.org/eia-led-by-permian-us-oil-output-to-grow-by-500k-b-d-in-2025

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   Will higher crude oil prices lead to more natural gas in Permian?

   • We expect that the higher crude oil prices will incentivize operators to produce more oil and, as a result, more natural gas in the Permian region.

   U.S. Energy Information Administration - EIA - Independent Statistics

   www.eia.gov/todayinenergy/detail.php?id=60702

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3. www.eia.gov › todayinenergy › detailPermian production forecast growth driven by well ...

   www.eia.gov › todayinenergy › detail

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   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.

   • EIA expects crude oil production in the Permian Basin to ...

     The U.S. Energy Information Administration (EIA) expects...

   • High Permian well productivity, crude oil prices drive U.S ...

     We forecast Permian region natural gas production will...

4. www.eia.gov › pressroom › releasesEIA expects crude oil production in the Permian Basin to ...

   www.eia.gov › pressroom › releases

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   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.

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6. www.eia.gov › todayinenergy › detailHigh Permian well productivity, crude oil prices drive U.S ...

   www.eia.gov › todayinenergy › detail

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   Oct 18, 2023 · We forecast Permian region natural gas production will increase by 11% (2.2 Bcf/d) in 2023 and 6% (1.4 Bcf/d) in 2024. Most of the natural gas production in the Permian region is associated natural gas production from oil wells.

7. jpt.spe.org › eia-led-by-permian-us-oil-output-toEIA: Led By Permian, US Oil Output To Grow by 500K B/D in 2025

   jpt.spe.org › eia-led-by-permian-us-oil-output-to

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   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.

   • Author: Trent Jacobs

   • Occupation: JPT Senior Technology Editor

8. www.bloomberg.com › news › articlesBig Oil Dials Up Output Growth Just as OPEC Mulls Supply ...

   www.bloomberg.com › news › articles

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   21 hours ago · The US oil majors’ increases were fueled by pumping record amounts of crude from the Permian Basin, which continues to surprise analysts with year-over-year growth and efficiency gains.

9. www.bloomberg.com › news › articlesPermian Oil Output Much Stronger Than Last Government Report ...

   www.bloomberg.com › news › articles

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   Nov 13, 2023 · Oil output from the Permian Basin will expand in November and December, marking the region’s longest run of monthly gains in two years.

10. www.worldoil.com › news › 2024/11/1Exxon, Chevron report rising Permian production despite ...

    www.worldoil.com › news › 2024/11/1

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    1 day ago · Exxon’s fast-growing oil developments in Guyana and the Permian Basin are producing crude for less than $35 a barrel at a time when a barrel fetches more than $70, and Exxon is working on ...