United States of America (USA) Permian Basin Oil and Gas Shale Market Analysis and Forecast, 2021-2026
Summary
The Permian Basin is the largest oil producing shale play in the US. As it is majorly located in Texas, it benefits from the dense network of oil and gas pipelines in the state as well as access to downstream infrastructure along the Gulf Coast. In 2022, oil production from the play observed a remarkable turnaround after witnessing a considerable drop during the COVID-19 pandemic. According to the Energy Information Administration (EIA) data, crude oil production in the Permian Basin averaged nearly 5.0 million barrels of oil per day (mmbd) from January to May of this year. Back in 2020, before the COVID-19 pandemic hit the US, the play averaged over 4.8 mmbd during January to March. However, following the oil price crash due to worldwide lockdowns, the Permian oil production dropped below 4.0 mmbd in May 2020 and then hovered around 4.3 mmbd for the remainder of the year.
Scope
The report analyses the crude oil and natural gas appraisal and production activities in the Permian Basin in US. The scope of the report includes -
- Comprehensive analysis of crude oil and natural gas historical production and outlook during 2019-26
- Detailed information of impact on well development, permits and deals against the backdrop of the COVID-19 pandemic
- In-depth information of well productivity and well completion parameters across Permian Basin in the US
- Analysis of top companies’ net acreage, planned capital expenditure in 2022
- Up-to-date information on major mergers and acquisitions across the Permian Basin between 2019 and 2022
- Develop business strategies with the help of specific insights into the Permian Basin in the US
- Plan your strategies based on economic viability and expected developments in the Permian Basin
- Keep yourself informed of the latest M&A activity in across Permian Basin
- Identify opportunities and challenges across Permian Basin
- About GlobalData
- Overview
- Permian Basin, Recent Developments and Trends
- Table Figure 1: Total Production in Permian Basin, 2018-2022
- Table Figure 2: Rig count in Permian Basin, and West Texas Intermediate (WTI) future prices, 2020-2022
- Permian Basin, Recent Developments and Trends
- Permian Basin, Introduction
- Permian Basin, Formation Overview
- Permian Basin, Production and Activity Overview
- Permian Basin, Production Analysis, 2019–2021
- Table Permian Basin, Crude Oil and Natural Gas Production, 2019–2021
- Table Figure 3: Permian Basin, Crude Oil and Condensate Production by County (mbd), 2019–2021
- Table Figure 4: Permian Basin, Natural Gas Production by County (mmcfd), 2019–2021
- Permian Basin, Production Outlook, 2022–2026
- Table Figure 5: Permian Basin, Production Outlook, 2021 – 2026
- Permian Basin, Drilling Activity, 2020-2022
- Table Figure 6: Permian Basin, Number of Well Permits by County, Texas, January 2020 to May 2022
- Table Figure 7: Permian Basin, Number of Well Permits by County, New Mexico, January 2020 to May 2022
- Table Figure 8: Permian Basin, Number of Well Permits by Operator, Texas, January 2020 to May 2022
- Table Figure 9: Permian Basin, Number of Well Permits by Operator, New Mexico, January 2020 to Apr 2022
- Permian Basin, Well Profile
- Table Figure 10: Permian Basin, Well Profile for Crude Oil Production
- Table Figure 11: Permian Basin, Well Profile for Natural Gas Production
- Permian Basin, Production Analysis, 2019–2021
- Permian Basin, Competitive Benchmarking
- Permian Basin, Major Companies with Prominent Presence, 2022
- Table Permian Basin, Net Acreage by Company, 2022
- Table Permian Basin, Cumulative oil and gas production for major companies, 2022
- Permian Basin, Capex Plans of Major Companies, 2022
- Table Permian Basin, Planned Capital Expenditure of Major Companies, 2021-2022 ($Million)
- Permian Basin, Operational Performance of Leading Operators
- Table Permian Basin, Operational Performance of Leading Operators, January 2020 – March 2021
- Permian Basin, Cost Trends, 2022
- Table Figure 12: Permian Basin, Major Companies by Well Costs (US$ mil), March 2021
- Permian Basin, Completion Parameters, 2020-2022
- Table Figure 13: Permian Basin, Proppant Mass (million lbs.) vs Lateral Length (ft)
- Table Figure 14: Permian Basin, Average Peak Crude Oil Production vs Lateral Length (ft) Quartile
- Table Figure 15: Permian Basin, Peak Total Production vs Lateral Length, 2020-2022
- Table Figure 16: Permian Basin, Total EUR vs Lateral Length, 2020-2022
- Permian Basin, Major Companies with Prominent Presence, 2022
- Permian Basin, Associated Infrastructure
- Pipelines
- Table Figure 17: Permian Basin, Major Active Crude Oil and Natural Gas Pipelines by Capacity, 2022
- Table Permian Basin, Major Pipelines, 2022
- Pipelines
- Permian Basin, Merger & Acquisitions, 2019-2022
- Overview of M&A Activity
- Major Acquisitions, 2019-2022
- Table Permian Basin, Major Deals by Oil and Gas Companies, 2019-22
- Permian Basin, Analysis of Major Companies, 2022
- Pioneer Natural Resources
- Table Pioneer Natural Resources, Key Operational Parameters, 2022
- Chevron Corp
- Table Chevron, Key Operational Parameters, 2022
- Occidental Petroleum
- Table Occidental Petroleum, Key Operational Parameters, 2022
- Exxon Mobil Corp
- Table Exxon Mobil, Key Operational Parameters, 2022
- ConocoPhillips
- Table ConocoPhillips, Key Operational Parameters, 2022
- EOG Resources Inc
- Table EOG Resources, Key Operational Parameters, 2022
- Diamondback Energy Inc
- Table Diamondback Energy, Key Operational Parameters, 2022
- Devon Energy Corp
- Table Devon, Key Operational Parameters, 2022
- Apache Corp
- Table Apache, Key Operational Parameters, 2022
- Pioneer Natural Resources
- Appendix
- Abbreviations
- Methodology
- Contact Us
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