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Permian Oil Production Reached Record High Last Month

  • Total shale crude oil output at highest since April 2020
  • Volumes in February set to surpass 5 million barrels a day
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Oil Demand Could Hit All-Time High This Year: Blas
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Oil production in the Permian Basin set a record in December as America’s most prolific shale patch leads the recovery in domestic output.

Crude supply from the Basin, which includes Texas and New Mexico, averaged 4.92 million barrels a day last month, according to the Energy Information Administration. That surpasses the previous record set in March 2020. The agency also forecast that supplies in February would surpass 5 million barrels a day for the first time.