Shale

US Permian basin poised to out-produce Opec rivals — Rystad

The prolific Permian basin will constitute nearly half of US production and is putting distance between its daily average and that of Iraq

Rapid growth: the US Permian basin could grow its production by as much as 1.8 million barrels per day of oil between the beginning of this year and the end of 2023
Rapid growth: the US Permian basin could grow its production by as much as 1.8 million barrels per day of oil between the beginning of this year and the end of 2023Photo: AP/SCANPIX
Houston
Permian BasinShaleRystad EnergyUSAOpec+
Published 31 May 2022, 20:37Updated 1 June 2022, 10:03