Ian writes on fossil energies, climate, and transition to renewables. The Permian remains the premiere U.S. basin. The peak of crude oil production in the Permian before the pandemic was 4.9 MMbpd.

The Permian Basin remains unrivaled in its contribution to U.S. energy production. Goldman Sachs anticipates an additional 270,000 bpd of growth by 2026, building on the 520,000 bpd added in 2023.

US Energy Development Corporation (USEDC) has announced plans to invest up to $1bn in the Permian Basin during 2025. This decision follows a “record-breaking” year for the exploration and ...

A number of topics were discussed, like the amount of oil production in the Permian Basin -- six million barrels per day. It was a packed house inside the Bush Convention Center in Downtown ...

“This looks mostly like a play for additional scale for Civitas and expands the company’s operations beyond the DJ Basin into both sub-basins of the Permian,” Dittmar notes. “While Civitas ...

HOUSTON, Feb 6 (Reuters) - Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25% this year despite President Donald Trump's vow to ...

Andy O’Brien, senior vice president of strategy, commercial, sustainability and technology, said during the earnings call that divestitures involved “noncore Permian assets, and we’ll expect ...

In 2023, USEDC closed 19 transactions and deployed nearly $600 million, most in the Permian Basin, with other projects in the Barnett, Haynesville, and Powder River basins. "Our long-term ...