Permian Basin
Oil and gas production, drilling activity, and infrastructure in the Permian Basin.
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Latest Permian Basin Stories
EIA forecasts natural gas production increase in Permian Basin
The EIA forecasts U.S. natural gas production to increase by 2% in 2026 and by 1% in 2027, reaching over 111 Bcfd next year. January saw Henry Hub prices average $7.72 per million BTU, an 81% increase from December due to heightened heating demand and reduced production. Production is expected to ramp up in the second half of 2026 as new pipeline capacity in the Permian comes online.
Brazos expands natural gas processing capacity in Texas Permian basin
Brazos Midstream has commissioned a 300-MMcfd cryogenic natural gas processing plant in Martin County and is constructing another in Glasscock County. The Sundance complex now has a total capacity of 500 MMcfd, with plans for the Cassidy complex to add another 300-MMcfd by the end of 2026. Additionally, over 70 miles of new high-pressure gathering pipelines are being constructed to enhance infrastructure in the Midland basin.
Borco U.S.A. acquires 220 oil and gas wells in Permian Basin
Borco U.S.A. has acquired a 220-well oil and gas package in the Permian Basin, expanding its operational footprint. The acquisition includes a mix of deep and shallow vertical wells with stable production profiles and development potential. This transaction is expected to increase Borco's daily production, proved reserves, and cash flow.
Permian Basin shifts to disciplined cash engine strategy
Executives indicate the Permian is transitioning from a growth-focused strategy to a disciplined cash engine approach. This shift involves fewer rigs and lower capital expenditures while improving recovery rates, which extends inventory life. The basin is being reinforced as a durable asset in U.S. shale.
Travis Stice receives Top Hand Award from Permian Basin Petroleum Association
Travis Stice, CEO of Diamondback Energy, received the Top Hand Award from the Permian Basin Petroleum Association for 2025. This award recognizes significant contributions to the oil and gas industry and community involvement in the Permian Basin. Stice has led Diamondback from producing 3,700 BOE/d in 2012 to over 900,000 BOE/d in 2025.
USEDC plans to deploy up to $1B in 2026 for Permian Basin expansion
U.S. Energy Development Corporation (USEDC) plans to deploy up to $1 billion in 2026, focusing on expanding its inventory in the Permian Basin. This follows previous capital deployments of over $1 billion in 2025 and nearly $800 million in 2024. The company emphasizes disciplined capital allocation and strong financial foundations to navigate market conditions.
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- Oil and gas production, drilling activity, and infrastructure in the Permian Basin.
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