OIL

The Permian Basin produces over 1 million barrels of oil each day which is 20% of lower 48 production.  The Permian Basin accounts for 68% of Texas' total production and 80% of Texas' reserves.

For Graphs and data on Permian Basin Oil Production and Reserves Click here.

NATURAL GAS

The Permian Basin also produces nearly 4 billion cubic feet of natural gas each day.

For Graphs and data on Permian Basin Gas Production and Reserves Click here.

RIG COUNT

Drilling activity in the Permian Basin usually averages 10% of lower-48 activity, but has only averaged 8% since 1997.

For Graphs and data on Permian Basin Rig Count  Click here.

THE OIL BUST of 1998-99

Permian Basin operators lost $2.8 billion dollars in revenue.

For graphs showing how bad the price drop of 1998 was click here.