United States of America (USA) Permian Basin Oil and Gas Shale Market Analysis and Forecast to 2027

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
  • Permian Basin, Analysis of Major Companies, 2022
    • Chevron Corp
      • Chevron Corp, Key Operational Parameters, 2022
        • Table Chevron Corp, key operational parameters, 2022
    • ConocoPhillips
      • ConocoPhillips, Key Operational Parameters, 2022
        • Table ConocoPhillips, key operational parameters, 2022
    • Pioneer Natural Resources
      • Pioneer Natural Resources, Key Operational Parameters, 2022
        • Table Pioneer Natural Resources, key operational parameters, 2022
    • Exxon Mobil Corp
      • Exxon Mobil, Key Operational Parameters, 2022
        • Table Exxon Mobil, key operational parameters, 2022
    • Occidental Petroleum Corp
      • Occidental Petroleum Corp, Key Operational Parameters, 2022
        • Table Occidental Petroleum Corp, key operational parameters, 2022
    • EOG Resources Inc
      • EOG Resources Inc, Key Operational Parameters, 2022
        • Table EOG Resources Inc, key operational parameters, 2022
    • Devon Energy Corp
      • Devon Energy Corp, Key Operational Parameters, 2022
        • Table Devon Energy Corp, key operational parameters, 2022
    • Diamondback Energy Inc
      • Diamondback Energy Inc, Key Operational Parameters, 2022
        • Table Diamondback Energy Inc, key operational parameters, 2022
    • Coterra Energy Inc
      • Coterra Energy Inc, Key Operational Parameters, 2022
        • Table Coterra Energy Inc, key operational parameters, 2022
    • Apache Corp
      • Apache Corp, Key Operational Parameters, 2022
        • Table Apache Corp, key operational parameters, 2022
  • Appendix
    • Abbreviations
    • Methodology
      • Coverage
      • Secondary Research
  • About GlobalData
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