United States of America (USA) Permian Basin Oil and Gas Shale Market Analysis and Forecast to 2027
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 2023, oil production from the play observed significant growth after witnessing a plunge during the COVID-19 pandemic. According to the Energy Information Administration (EIA) data, crude oil production in the Permian Basin averaged nearly 5.7 million barrels of oil per day (mmbd) from January to May 2023.
Scope
The report analyses the crude oil and natural gas appraisal and production activities in the Permian Basin in the US.
Comprehensive analysis of crude oil and natural gas historical production and outlook during 2022-27
Detailed information on the impact of well development, permits, and deals in the Permian Basin
In-depth information of well productivity and well completion parameters across the Permian Basin in the US
Analysis of top companies’ net acreage, planned capital expenditure in 2023
Up-to-date information on major mergers and acquisitions across the Permian Basin between 2020 and 2023
Reasons to Buy
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 across Permian Basin
Identify opportunities and challenges across the Permian Basin
Overview
Permian Basin, Recent Developments and Trends
Table Figure 1: Total Production in Permian Basin, 2019-2023
Table Figure 2: Rig count in Permian Basin, and West Texas Intermediate (WTI) futures prices, 2021-2023
Permian Basin, Introduction
Permian Basin, Formation Overview
Table Figure 3: Expanse of the Permian Basin
Permian Basin, Production and Activity Overview
Permian Basin, Production Analysis, 2020–2022
Table Permian Basin, crude oil and natural gas production, 2020–2022
Permian Basin, Gross Crude and Condensate Production by County, 2020–2022
Table Figure 4: Permian Basin, crude oil and condensate production by county (mbd), 2020–2022
Permian Basin, Gross Natural Gas Production by County, 2020–2022
Table Figure 5: Permian Basin, natural gas production by county (mmcfd), 2020–2022
Permian Basin, Production Outlook, 2023-2027
Permian Basin, Production Outlook, 2022-2027
Table Figure 6: Permian Basin, production outlook, 2022 – 2027
Permian Basin, Drilling Activity, 2021-2023
Permian Basin, Well Permits by County, Texas, 2021-2023
Table Figure 7: Permian Basin, number of well permits by county, Texas, January 2021 to May 2023
Permian Basin, Well Permits by County, New Mexico, 2021-2023
Table Figure 8: Permian Basin, number of well permits by county, New Mexico, January 2021 to May 2023
Permian Basin, Well Permits by Operator, Texas, 2021-2023
Table Figure 9: Permian Basin, number of well permits by operator, Texas, January 2021 to May 2023
Permian Basin, Well Permits by Operator, New Mexico, 2021-2023
Table Figure 10: Permian Basin, number of well permits by operator, New Mexico, January 2021 to May 2023
Permian Basin, Well Profile
Permian Basin, Well Profile, Crude Oil Production
Table Figure 11: Permian Basin, well profile for crude oil production
Permian Basin, Well Profile, Natural Gas Production
Table Figure 12: Permian Basin, well profile for natural gas production
Permian Basin, Competitive Benchmarking
Permian Basin, Major Companies with Prominent Presence, 2023
Net Acreages of Major Companies, 2023
Table Permian Basin, net acreage by company, 2023*
Production of Major Companies, 2022
Table Production of major companies, 2022
Permian Basin, Capex of Major Companies, 2023
Permian Basin, Planned Investments, 2022-2023
Table Permian Basin, planned capital expenditure by major companies, 2022-2023 ($M) *
Permian Basin, Operational Performance of Leading Operators
Table Permian Basin, operational performance of leading operators
Permian Basin, Cost Trends, 2023
Permian Basin, Well Costs
Table Figure 13: Permian Basin, major companies by well costs ($M), July 2023
Permian Basin, Completion Parameters, 2021-2023
Proppant Mass vs. Lateral Length
Table Figure 14: Permian Basin, proppant mass (million lbs.) vs lateral length (ft)
Peak Total Production vs. Lateral Length
Table Figure 15: Permian Basin, average peak crude oil production vs lateral length (ft) quartile
Table Figure 16: Permian Basin, peak total production vs lateral length, Jan 2021-Apr 2023
Total EUR vs. Lateral Length
Table Figure 17: Permian Basin, total EUR vs lateral length, 2021- April 2023
Permian Basin, Associated Infrastructure
Pipelines
Table Figure 18: Permian Basin, major active crude oil and natural gas pipelines by capacity, June 2023
Table Permian Basin, major pipelines, 2023
Permian Basin, Mergers & Acquisitions, 2020- 2023
Overview of M&A Activity
Major Acquisitions, 2020–2023
Chevron To Acquire 100% Stake In PDC Energy For $7.6 billion
Ovintiv Acquired Oil And Gas Assets In Midland Basin From Black Swan Oil & Gas, PetroLegacy Energy And Piedra Resources For $4.3 Billion
Civitas Resources to Acquire Oil and Gas Assets in Delaware Basin in New Mexico from Tap Rock Resources for $2.45 Billion
Table Permian Basin, major deals by Oil and Gas Companies, 2021–2023