United States of America (USA) Permian Basin Oil and Gas Shale Market Analysis and Forecast, 2021-2026
The USA Permian Basin crude oil and condensate production capacity is 5,055 mbd while the natural gas production capacity is 19,891 mmcfd in 2022.
The Permian Basin is the largest oil-producing shale play in the US. As it is majorly located in Texas, it benefits from the dense network of oil and gas pipelines in the state as well as access to downstream infrastructure along the Gulf Coast. In 2022, oil production from the play observed a remarkable turnaround after witnessing a considerable drop during the COVID-19 pandemic.
Rising oil prices could provide additional encouragement for Permian drillers to deploy more drilling and completion crew and drive production further north. However, lingering supply chain disruptions, such as difficulty in obtaining the required steel, sand, and oilfield workers continue to limit production growth in the region.
USA Permian Basin Oil & Gas Shale Market Outlook
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What are the key counties in USA Permian Basin crude oil and condensate production?
The key counties in USA Permian Basin crude oil and condensate production are Lea, Midland, Eddy, Martin, Howard, Loving, Reeves, Upton, Ward, and Raegan.
Lea county in New Mexico was the largest producer of crude oil and condensates in the Permian Basin. Several major producers in the Permian basin are active in the county including Chevron and Occidental Petroleum. Midland County from Texas and Eddy County from New Mexico stood second and third in terms of gross crude oil and condensate production in the Basin.
USA Permian Basin Crude Oil and Condensate Production Analysis by Counties
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What are the key counties in USA Permian Basin natural gas production?
The key counties in USA Permian Basin natural gas production are Reeves, Eddy, Lea, Midland, Loving, and Culberson.
Reeves County in Texas was the largest producer of natural gas in the Permian Basin. The county remains a key hot spot for major producers, such as Apache, Cimarex, and EOG. Eddy and Lea counties in New Mexico were the second and third largest producers of natural gas in the Basin.
USA Permian Basin Natural Gas Production Analysis by Counties
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Which are the major companies in the USA Permian Basin?
Some of the major companies in the USA Permian Basin are Chevron Corp, Exxon Mobil Corp, Occidental Petroleum Corp, ConocoPhillips, Pioneer Natural Resources Co, Chesapeake Energy Corp, Devon Energy Corp, EOG Resources Inc, Endeavor Energy Resources LP, Marathon Oil Corp, Coterra Energy Inc, Continental Resources Inc, and Laredo Petroleum Inc. As of May 2022, Chevron and ExxonMobil have the highest leaseholds in the Permian Basin.
USA Permian Basin Companies Analysis by Net Acreage
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Market Report Overview
| Crude oil and condensate production capacity (Year – 2022) | 5,055 mbd |
| Natural gas production capacity (Year – 2022) | 19,891 mmcfd |
| Key counties (crude oil and condensate production) | Lea, Midland, Eddy, Martin, Howard, Loving, Reeves, Upton, Ward, and Raegan |
| Key counties (natural gas production) | Reeves, Eddy, Lea, Midland, Loving, and Culberson |
| Major companies | Chevron Corp, Exxon Mobil Corp, Occidental Petroleum Corp, ConocoPhillips, Pioneer Natural Resources Co, Chesapeake Energy Corp, Devon Energy Corp, EOG Resources Inc, Endeavor Energy Resources LP, Marathon Oil Corp, Coterra Energy Inc, Continental Resources Inc, and Laredo Petroleum Inc |
Scope
The report analyses the crude oil and natural gas appraisal and production activities in the Permian Basin in the US. The scope of the report includes:
- Comprehensive analysis of crude oil and natural gas historical production and outlook during 2019-26
- Detailed information on the impact on well development, permits, and deals against the backdrop of the COVID–19 pandemic
- In-depth information on well productivity and well completion parameters across Permian Basin in the US
- Analysis of top companies’ net acreage, planned capital expenditure in 2022
- Up-to-date information on major mergers and acquisitions across the Permian Basin between 2019 and 2022
Reasons to Buy
- Develop business strategies with the help of specific insights into the Permian Basin in the US
- Plan your strategies based on economic viability and expected developments in the Permian Basin
- Keep yourself informed of the latest M&A activity across Permian Basin
- Identify opportunities and challenges across Permian Basin
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The crude oil and condensate production capacity in the USA Permian Basin is 5,055 mbd in 2022.
The natural gas production capacity in the USA Permian Basin is 19,891 mmcfd in 2022.
The key counties in USA Permian Basin crude oil and condensate production are Lea, Midland, Eddy, Martin, Howard, Loving, Reeves, Upton, Ward, and Raegan.
The key counties in USA Permian Basin natural gas production are Reeves, Eddy, Lea, Midland, Loving, and Culberson.
Some of the major companies in the USA Permian Basin are Chevron Corp, Exxon Mobil Corp, Occidental Petroleum Corp, ConocoPhillips, Pioneer Natural Resources Co, Chesapeake Energy Corp, Devon Energy Corp, EOG Resources Inc, Endeavor Energy Resources LP, Marathon Oil Corp, Coterra Energy Inc, Continental Resources Inc, and Laredo Petroleum Inc.
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