Thursday, August 27, 2026

Permian drilling must pick up just to maintain current production.

Chron – In 2019, Permian production started the year at 3.8 million barrels per day, a million barrels higher than 2018. Drilling activity in the booming Permian Basin must accelerate just in order to maintain current production volumes, according to a new report from the research firm IHS Markit. The Permian’s oil output has risen rapidly in recent years from