Permian crude oil production to hit record high in September

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County

 

The Permian Basin in Texas and New Mexico, site of major drilling efforts by numerous Oklahoma oil and gas operations is expected to see oil output rise 79,000 barrels a day, reaching a record 5.408 million barrels a day in September.

The prediction was revealed this week in the productivity report by the U.S. Energy Information Administration. August production in the Permian was 5.329 million barrels a day.

The EIA said production in the Anadarko, which includes Oklahoma, will increase by 6,000 barrels a day from 425,000 barrels a day in August to 431,000 barrels a day in September.

The Bakken, again a location where Oklahoma drillers are busy with their operations, will see an increase of 21,000 barrels a day. August production is 1.136 million barrels a day and by September it is expected to approach 1.157 million barrels a day.