New Mexico Is Driving Permian Oil Production Growth ...Middle East

OILPRICE - Economy
New Mexico Is Driving Permian Oil Production Growth
source : OILPRICE ( Middle East ) () 39
The top-producing U.S. oil basin, the Permian, is setting records in production, although growth has slowed in recent months as the number of drilling rigs drops.   The New Mexico part of the biggest U.S. shale play has seen larger growth than Texas in recent years, data from the U.S. Energy Information Administration (EIA) has shown.   Large producers with a lot of inventory, including Chevron, can shift their Permian drilling programs to more single bench, high-return developments in New Mexico, the U.S. supermajor said earlier…

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