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.

With 18 rigs running and an apparent peak in productivity, the outlook is slightly negative. Permit activity shows that operators are not planning to ramp up.

we expect output to continue to rise as interest in the basin remains strong. However, normalized for lateral length, well productivity has not improved since 2017, on average:

In 2020 well results saw a significant boost. In this latest post we also analyze the decline behavior of older wells:

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