While oil production in the Texas Permian Basin has made the U.S. the world's largest fuel producer, infrastructure to ship and store oil is still lacking. With Permian driving world-record production, it a bull market for U.S. energy storage Confirmation of the production boom and its global context comes just after a report from
U.S. crude oil production growth was slowing headed into summer, but production has since surged back to record levels. since summer comes from the Permian Basin. Production there continues to
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In a dusty swath of West Texas known as the Permian Basin, a historic oil boom is pushing U.S. production to record levels and bringing sudden wealth to local landownerslong with some thorny
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More: Permian Basin electrical grid continues to grow amid oil and gas boom. Progress on the U.S. and China trade negotiations, continued production cuts by the Organization of Petroleum Exporting Countries (OPEC), and the U.S.-Mexico-Canada Agreement (USMCA) a trade agreement supported by U.S. President Donald Trump intended to replace
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June 2025 The Permian Basin Is Booming With Oil. But at What Cost to West Texans? Though some will reap serious profits, the region dealing with skyrocketing rents, overcrowded schools, and
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A combination of technical innovation, aggressive investing and copious layers of oil-rich shale have transformed the Permian, once considered a worn-out patch, into the world second-most
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Booming energy production in the Permian Basin of Texas and New Mexico is driving one of the fastest growing regional economies in America. Midland and Odessa Texasn the heart of the Permian Basinre the two of the nation fastest growing economies. Permian oil production is surging so resoundingly that it is not only surpassing the Eagle Ford Shale formation in South-Central, Texas
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Bull eye on USPermian Basin as oil prices rise. By: New Mexico share of the Permian Basin has helped to drive production in the state to record levels in 2017. This year is expected to be another banner year as industry officials say the state is on pace to surpass 200 million barrels.
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The Permian Basin, arguably the most important oilfield in the world, is growing so fast that it hurts. A rush to pump oil out of the West Texas shale field has vaulted the United States to record
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The Permian fracking boom, combined with the 2015 lifting of the crude oil export ban, is driving record-breaking exports of oil from the U.S. f we stop emitting methane, it will immensely slow the warming of the planet,Wilson said while we drove through a landscape full of flares burning off methane at countless oil and gas sites
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Two key factors will drive the Permian surge. Associated gashe source for much of the region production growths a byproduct from oil well production, meaning that it is less sensitive to natural gas price signals. And additional pipeline capacity is expected to alleviate transportation constraints.
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Longer term, the Permian will continue to grow beyond 2029, which is forecast to underpin a flattening U.S. oil production profile. For U.S. gas, growth also continues. Although, like oil, it is at a slower pace from recent history. From 2015 to 2025, gas production grew by 14.8 Bcf/d to reach a forecast average of 88.8 Bcf/d in 2025.
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Foreign demand for oil, gas exports fuel Permian Basin's 'extraction colony' during the last boom. Forecasters expect production to double again by 2025. at low levels it can cause chronic
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U.S Oil Production Dips As Permian Basin Production Plateaus. By Mitch Borden For the first time since last spring, the United States saw its oil production levels drop. This slowdown can be traced to the Permian Basin, where a pipeline shortage is causing producers to cut back. New Report Predicts Record Breaking U.S. Oil Production
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A steady decline in oil production, which began in 1972, and fell sharply after the bust, signaled the state's oil boom days were likely over for good. But now Texas along with the rest of the U.S. is on track to become the top oil producer in the world by 2015, according to the International Energy Agency (IEA).
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Bull eye on USPermian Basin as oil prices rise. By: New Mexico share of the Permian Basin has helped to drive production in the state to record levels in 2017. This year is expected to be another banner year as industry officials say the state is on pace to surpass 200 million barrels.
Get Price
The Permian Basin, arguably the most important oilfield in the world, is growing so fast that it hurts. A rush to pump oil out of the West Texas shale field has vaulted the United States to record
Get Price
The Permian fracking boom, combined with the 2015 lifting of the crude oil export ban, is driving record-breaking exports of oil from the U.S. f we stop emitting methane, it will immensely slow the warming of the planet,Wilson said while we drove through a landscape full of flares burning off methane at countless oil and gas sites
Get Price
Longer term, the Permian will continue to grow beyond 2029, which is forecast to underpin a flattening U.S. oil production profile. For U.S. gas, growth also continues. Although, like oil, it is at a slower pace from recent history. From 2015 to 2025, gas production grew by 14.8 Bcf/d to reach a forecast average of 88.8 Bcf/d in 2025.
Get Price
Foreign demand for oil, gas exports fuel Permian Basin's 'extraction colony' during the last boom. Forecasters expect production to double again by 2025. at low levels it can cause chronic
Get Price
U.S Oil Production Dips As Permian Basin Production Plateaus. By Mitch Borden For the first time since last spring, the United States saw its oil production levels drop. This slowdown can be traced to the Permian Basin, where a pipeline shortage is causing producers to cut back. New Report Predicts Record Breaking U.S. Oil Production
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In spite of the precipitous fall in oil prices and the contingent drop in rig counts, production, particularly in the Permian Basin, is still at record levels as wells drilled in the last five years continue to produce. With production so high the midstream sector is still growing even in the downturn.
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The popular Bone Spring formation in the Delaware Basin can be drilled at $38.10 in New Mexico and $44.50 in Texas, which is very good news for the Permian Players, considering oil has stayed
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The Permian Basin, arguably the most important oilfield in the world, is growing so fast that it hurts. A rush to pump oil out of the West Texas shale field has vaulted the United States to record
Get Price
Bull eye on USPermian Basin as oil prices rise. By: New Mexico share of the Permian Basin has helped to drive production in the state to record levels in 2017. This year is expected to be another banner year as industry officials say the state is on pace to surpass 200 million barrels.
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Rig count: Permian down 7, while oil production grows in New Mexico. U.S. total petroleum inventory posted a decrease of 6.4 million barrels while U.S. crude oil production grew by about 300 million barrels per day.
Get PriceMidland-Odessa and the Permian Basin are thriving as the heart of the nation's oil production surge. But the Environmental Integrity Project claims that the health of the region's residents is
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Foreign demand for oil, gas exports fuel Permian Basin's 'extraction colony' during the last boom. Forecasters expect production to double again by 2025. at low levels it can cause chronic
Get Price
It was a good run. The longest economic expansion in history. Record levels of crude oil production. Oil prices above $75 per barrel. About this time last year (Oct. 3, 2025) the benchmark for U.S
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Exxon and Chevron each plan to more than triple production in the U.S. Permian Basin to 1 million barrels a day by the early 2020s. As for the European giantsattitude toward shale, BP $10.5 billion acquisition of BHP Group Ltd. assets last year was a statement of intent. with crude oil and natural gas production driving that
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In spite of the precipitous fall in oil prices and the contingent drop in rig counts, production, particularly in the Permian Basin, is still at record levels as wells drilled in the last five years continue to produce. With production so high the midstream sector is still growing even in the downturn.
Get Price
Bull's eye on US' Permian Basin as oil prices rise New Mexico share of the Permian Basin has helped to drive production in the state to record levels in 2017. The boom also has
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Bull eye on USPermian Basin as oil prices rise. By: New Mexico share of the Permian Basin has helped to drive production in the state to record levels in 2017. This year is expected to be another banner year as industry officials say the state is on pace to surpass 200 million barrels.
Get Price
Rig count: Permian down 7, while oil production grows in New Mexico. U.S. total petroleum inventory posted a decrease of 6.4 million barrels while U.S. crude oil production grew by about 300 million barrels per day.
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Permian Driving Frac Sand Supply Shift noting that U.S. proppant consumption set a record this year, and is expected to blow right past that historic peak next year. but has identified a roughly equal number of new in-basin mines that have been announced within the greater Permian Central Basin Platform that separates the Delaware
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Why it matters: It's a metric of the massive scale of the U.S. oil boom that has sent production to record levels. That's largely thanks to growth in shale formations most notably the Permian Basin in Texas and New Mexico where hydrocarbons are pried loose using high-pressure injections of water, sand and chemicals.
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ALBUQUERQUE, N.M. Some of the largest energy companies in the U.S. have already invested billions of dollars on claims up and down the Texas-New Mexico state line, tapping one of the nation
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In spite of the precipitous fall in oil prices and the contingent drop in rig counts, production, particularly in the Permian Basin, is still at record levels as wells drilled in the last five years continue to produce. With production so high the midstream sector is still growing even in the downturn.
Get Price
It was a good run. The longest economic expansion in history. Record levels of crude oil production. Oil prices above $75 per barrel. About this time last year (Oct. 3, 2025) the benchmark for U.S
Get Price
