As we show in our new post, if the rig count continues to increase, the Permian could already top the previous record high (March 2020) in the 2nd quarter:


In our latest post we show that last year’s wells are performing slightly better than earlier ones, but that in the older fields (Parshall/Sanish) pressure depletion rears its ugly face



However, drilling activity in Karnes, responsible for 30% of oil output in the basin, has plummeted to just 3 rigs (49 in May 2012). Was lower well productivity responsible for this?


New Mexico is responsible for most of this growth, which we explain in our latest post



But it will take years before a new record is made. Unlike tight gas output, which already set a fresh record in May


Chesapeake is outperforming the competition with its latest well results:


The rig count may not be sufficient yet to stem the declines, but well productivity saw an uptick so far in 2021. EOG now gets most of its production from the Permian instead.


Normalized well productivity fell slightly, while Q2 permit activity is up.

ShaleProfile Analytics

Dedicated to developing the best Visualization & #Analytics solution for the #Shale #Oil & #Gas industry. Follow us and gain insights on Shale Production.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store