Ten counties in the Permian Basin account for 93% of U.S. oil production growth since 2020

U.S. crude oil production and cumulative change since 2020

Data source: U.S. Energy Information Administration, Petroleum Supply Monthly (total U.S. production) and Enverus (county-level data)
Data values: U.S. Field Production of Crude Oil

Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by 1.9 million barrels per day (b/d), 93% of which was produced from just 10 counties in Texas and New Mexico. Production from the rest of the United States, including producing areas in offshore state or federal waters, grew by just 130,000 b/d.

The 10 counties are all within the Permian Basin, a large geologic feature underlying 66 counties in New Mexico and Texas. Two of these counties, Lea and Eddy in New Mexico, accounted for nearly 1.0 million b/d of U.S. production growth (52%) between 2020 and 2024. Martin and Midland in Texas accounted for an additional 0.40 million b/d (21%). Six additional counties in Texas—Andrews, Glasscock, Howard, Loving, Reagan, and Ward—together grew by 0.36 million b/d (19%), based on county-level production data from Enverus.

Crude oil and lease condensate production in these 10 counties averaged 4.8 million b/d in 2024, 37% of the U.S. total. Within these 10 counties, the primary geologic units responsible for this growth are the Bone Spring, Spraberry, and Wolfcamp formations.

These geologic units have been the main sources of oil production growth across the Permian Basin and the United States at large since 2020. Crude oil and natural gas production from U.S. tight oil and shale gas formations can be found in Table 10b in the Short-Term Energy Outlook.

Principal contributor: Troy Cook

About Stu Turley 4797 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

Be the first to comment

Leave a Reply

Your email address will not be published.


*