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Permian Activity Is Firing Up But Holding Back Regional Natural Gas Prices

by posted 1year ago 88 views
Abundant supply and midstream bottlenecks are dragging down producers' investment returns. : Industry discourse suggests that the Permian Basin is powering U.S. shale oil and gas output. In fact, the hydrocarbon rich basin between western Texas and southeastern New Mexico is rarely out of energy market chatter these days. According to the U.S. Energy Information Administration (EIA), the Permian may experience the biggest boost in production levels in the entire country. It is forecast to climb by 42,000 barrels per day (bpd) to 4.136 million bpd in May.