Tag Archive for: energysupply

The Permian Basin is becoming a larger part of U.S. natural gas supply, according to information highlighted by the Midland Reporter-Telegram from the U.S. Energy Information Administration’s June Short-Term Energy Outlook. Marketed natural gas production in the region increased from 17.2 billion cubic feet per day in 2021 to 27.6 Bcf/d in 2025, a 60% gain. Crude oil production also rose over the same period, moving from 4.7 million barrels per day to 6.6 million barrels per day, a 39% increase.

The EIA connected the faster gas growth to rising gas-oil ratios as reservoirs mature. In 2025, the Permian averaged nearly 4,200 cubic feet of natural gas for each barrel of oil produced, up 16% from 2021. If that ratio had stayed at the 2021 level, the agency estimated 2025 regional gas production would have been 23.8 Bcf/d, about 14% below actual output.

For mineral and royalty owners, the data provides useful context for tracking natural gas production and evaluating output trends across a major oil and gas basin. The changing production mix may also matter for infrastructure planning, market supply expectations, and how operators report future Permian development results.

Source: Midland Reporter-Telegram

Read the full original article here

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