Permian Basin oil production and resource assessments continue to increase

Crude oil production in the Permian Basin is expected to increase to an estimated 2.4 million barrels per day (b/d) in May, based on estimates from EIA’s Drilling Productivity Report. Between January 2016 and March 2017, oil production in the Permian Basin has increased in all but three months, even as domestic crude oil prices fell. More »