Permian production approaches pre-pandemic high

Federal Oil and Gas Royalty and Revenue Reform - Center for American  Progress

 

Surging oil prices have resulted in increased oil production in the Permian Basin as it is reaching close to a record set in March 2020, thanks to drilling activity by Oklahoma companies such as Devon Energy and others.

October’s average daily production in the prolific basin of West Texas and Southeast New Mexico is at 4.826 million barrels a day according to a U.S. government report this week.

Click here for Bloomberg report.

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