PERMIAN BASIN – The EIA's Drilling Productivity Report shows the number of active rigs in the Permian, which spans a large swath of West Texas.
The chart below shows that there are nearly as many active rigs in the Permian as there are in the rest of the U.S.—both onshore and offshore—combined.
The next chart shows exactly how productive those rigs have been. The EIA says the Permian is the only region in the report where crude oil production is expected to increase for the third consecutive month.
Check out Permian Basin boom, oil in West Texas.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.