The Permian Basin Is Poised For A Production Boom ...Middle East

OILPRICE - Economy
The Permian Basin Is Poised For A Production Boom
source : OILPRICE ( Middle East ) () 19
As the U.S. and global economy recover, production in the Permian Basin is finally returning to pre-pandemic production levels as the American oil industry gets back on track. By May, production levels in the basin are expected to reach 4.466 million bpd, the highest level in the last 12 months. The Energy Information Administration (EIA) also highlighted the increase in rig counts in the region.  Several companies are attempting to ramp up production and speed up drilling and exploration projects that were halted following the severe weather…

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