June 2, 2021
Forecast to 2040 of Permian tight oil production (located in west Texas and eastern New Mexico). Permian is a major Tight Oil producing basin in the US. Drilling is targeted towards different formations including Spraberry, Wolfcamp, Bone Spring, and San Andres.
Permian crude oil production is expected to recover quickly from the 2020 drop and reach its peak of 4,300 MBbl/d in 2027. Production will gradually decline after 2027 due to maturity of the basin.
Permian Oil Well Initial Productivity (IP)
Permian Oil Well EUR
Permian Oil Rig Count
Permian Oil Number of Wells