The Imminent Peak In Permian Oil: What Does it Mean For Investors? ...Middle East

OILPRICE - Economy
The Imminent Peak In Permian Oil: What Does it Mean For Investors?
source : OILPRICE ( Middle East ) () 23
In this article, I will update the general trends now being observed with daily production out of the Permian basin. In past articles, I’ve discussed the fact that it was clear that the quality of Permian acreage remaining to drill was on the decline. As this basin is the only major oil producer continuing to add barrels of daily output, this has broad implications for supply and prices. In the June 2023 edition of the EIA-914, the monthly forecast on oil and gas output, the Permian is shown with a slight decline for the July/August…

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