Permian Basin in the US, 2020 – Oil and Gas Shale Market Analysis and Outlook to 2022

The Permian Basin, the largest oil producing region in the US, has been impacted the most by the COVID-19 pandemic. Since March 2020, several producing wells in the region have shut down and there has been a decrease in drilling rig counts, which has led to a drop in its output from 4.85 million barrels per day (mmbd) in March 2020 to 3.89 mmbd in May 2020.

Andrew Folse, Oil & Gas Analyst at GlobalData, comments:

“The growth in Q4 2020 production will be minimal as operators remain cautious and maintain capital discipline in their development plan towards the Permian Basin. As we approach 2021, GlobalData estimates a conservative growth in production in Permian Basin from an annual average of 4.3 mmbd in 2020 to approximately 4.4 mmbd.”

Scope

The report analyzes the crude oil and natural gas appraisal and production activities in the Permian Basin in the US. The scope of the report includes:

• Comprehensive analysis of crude oil and natural gas production across major counties in Texas and New Mexico during 2017–2019, as well as production outlook from 2020–2022
• Detailed information of impact on monthly production from the play amid COVID–19 pandemic
• In-depth information of well permits issued in the Permian Basin across Texas and New Mexico, by county and by company from January 2019 to August 2020
• In-depth analysis of net acreage, reserves, production in 2020, cost trends and planned investments of major companies in the Permian Basin
• Detailed information of financial standings of major companies
• In-depth analysis on various completion parameters
• Comparison of planned capital expenditure by major companies
• Detailed analysis of economic metrics of major players in the Permian Basin
• In-depth analysis of financial and economic metrics of bankrupt companies in the Permian Basin
• Up-to-date information on major mergers and acquisitions in the Permian Basin between 2018 and 2020
• Overview of existing and active pipeline infrastructure in and around the Permian Basin, along with a review of the upcoming projects in the region

Reasons to buy

• Develop business strategies with the help of specific insights into the Permian Basin
• Plan your strategies based on expected developments of the Permian Basin
• Understand the competitive landscape of the companies in the Permian Basin
• Keep yourself informed of the latest M&A activity in this prolific Basin
• Identify opportunities and challenges in the Permian Basin in the US

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