Permian Basin Oil and Gas Magazine

APRIL 25, 2025

crude oil production grew by 270,000 barrels per day in 2024 to average 13.2 Permian averaged 308 active drilling rigs in 2024 to account for more than half the rigs in operation (26 fewer rigs than in 2023). Even with the lower rig count, Permian production grew because well productivity improved.

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Crude Oil Drilling rig Oil Basin 59

Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day. Civitas plans to run five drilling rigs and two completion crews in Permian Basin. The post Civitas expands Permian position with new assets in Howard, Glasscock, Upton appeared first on Permian Basin Oil and Gas Magazine.

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Basin Drilling rig Completion Sustainable 52

Permian Basin Oil and Gas Magazine

MAY 5, 2025

Beyond just the percentage, the states absolute total barrels increased by more than any other, says the Fed. million barrels per day in New Mexico, compared with a rise of 0.4 million barrels per day in Texas. Paul Wiseman A longtime contributor to PB Oil and Gas Magazine, Paul Wiseman is an energy industry freelance writer.

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Basin Oil Gas Barrel 59