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Permian – update through May 2020

These interactive presentations contain the latest oil & gas production data from all 27,683 horizontal wells in the Permian (Texas & New Mexico) that started producing from 2008/2009 onward, through May.


Visit ShaleProfile blog to explore the full interactive dashboard

Total Production

Production from horizontal wells in the Permian fell by around 0.5 million bo/d in May to 3.3 million bo/d, the largest monthly decline since the shale revolution started here.

Based on preliminary data for June (already available in our subscription services), it appears that a far smaller drop happened in the month after.

Supply Projection

Only 115 horizontal rigs were active in this basin last week, according to Baker Hughes, down from almost 400 earlier this year.  At this level, and assuming no changes in rig & well productivity, the output would continue to fall to below 3 million bo/d early next year, as you can find in our Supply projection dashboard:


Outlook for tight oil production in the Permian, based on the latest rig count

Top Operators

In the final tab the production and locations are shown for the 10 largest oil producers in the Permian. Most dialed back production in the last few months, with Concho and Pioneer being the main outliers.

Advanced Insights

The ‘Advanced Insights’ presentation is displayed below:


This “Ultimate recovery” overview displays the average production rate for these wells, plotted against their cumulative recovery. Wells are grouped by the quarter in which production started. The curves are starting to tip downward due to the extra shut-ins during the past few months.


We will have a new post on the Eagle Ford later this week, followed by one on Pennsylvania (which just released June production data, already available in our services).

Production and completion data are subject to revisions.

Note that a significant portion of production in the Permian comes from vertical wells and/or wells that started production before 2008, which are excluded from these presentations.


For these presentations, I used data gathered from the following sources:

  • Texas RRC. Oil production is estimated for individual wells, based on a number of sources, such as lease & pending production data, well completion & inactivity reports, regular well tests, and oil production data.
  • OCD in New Mexico. Individual well production data is provided.
  • FracFocus.org

Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/329nzg6

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