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.
