Permian Basin Oil Rig

Photo by Joshua Ardoin

Despite the tight pipeline capacity in the Permian Basin, the latest data show that the production growth in June is actually hitting record highs. There was an overall increase of about 287 kb/d in Texas and New Mexico, according to Kayrros data.

Total production in the Permian basin is still increasing, despite these pipeline constraints. These conditions could create a tricky situation for companies that want to build pipelines in the area. They do not want to overestimate supply growth, as they cannot afford to build excess pipelines with the cost of steel.

With the increase in drilling there will be more jobs coming to the Oil & Gas field.  Please submit your resume here.