Permian produces 45% of lower 48 onshore oil – half of all rigs are in the Permian
Crude oil production from the Permian Basin is expected to grow to 2.4 MMBOPD in May, according to a note released by the EIA today. Since January 2016, production in the Permian has increased all but three months, despite low crude prices.

Oil production from most other regions of the U.S. fell in 2015 and 2016, increasing the Permian’s share of U.S. production. In January 2015, the Permian area produced about 32% of U.S. lower 48 onshore oil production. Thi...

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