Tag Archives: IHS Markit

REPORT: Permian Production Could Double by 2023

The booming Permian Basin, which is already on target to hit record-setting output this year, could double crude oil production in the next 5 years, according to a new IHS Markit report.

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Permian Could Yield Up To 70 Billion Barrels of Crude, Research Says

New research out this week, looking at production in the Permian Basin, says the next several decades could keep oil operators busy as estimates show there are billions of barrels of crude waiting to be tapped.

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