EIA forecasts 11.8 MMBOPD for total U.S. oil production in 2019
A new IHS Markit outlook released today expects the Permian Basin’s crude oil production to more than double its 2017 record of 2.5 MMb/d to 5.4 MMb/d by 2023.

This level of production would elevate the U.S. to a power exporter status that rivals Saudi Arabia, with total U.S. exports potentially reaching 4MMb/d.

United States Major Oil and Gas Basins: Source EIA
Not just oil
Production of natural gas and natural gas liquids in the Permian are also expected to double during...


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