Permian Basin

🛢️ OilLatest source period Aug 2026
Texas, New Mexico

The Permian Basin is the largest oil-producing region in the United States, spanning West Texas and southeastern New Mexico.

Oil Production

6.81M
bbl/day
EIA period Aug 2026

Gas Production

29.4M
Mcf/day
EIA period Aug 2026

DUC Wells

893
drilled but uncompleted

Wells Drilled

457
per month

Wells Completed

462
per month

Source: U.S. EIA Short-Term Energy Outlook — Permian (cached) · U.S. EIA Drilling Productivity Report · Latest source period Aug 2026

U.S. government data, public domain at the source. Well counts are monthly. We do not publish a basin rig count or a historical basin series, because we do not have a current source for either.

Understanding Permian Basin

The Permian is a broad Paleozoic sedimentary system rather than a single reservoir. Its two principal producing areas are the Midland Basin to the east and the Delaware Basin to the west, separated by the Central Basin Platform. Multiple stacked intervals—including the Wolfcamp, Spraberry, Bone Spring and Avalon—allow operators to develop several targets from one surface location.

Development economics vary materially across the basin because depth, pressure, fluid mix, takeaway access and water handling differ between sub-basins. That makes formation and county context important when comparing permits or production records. Basin-wide totals are useful for direction, but they should not be treated as the performance of every Permian well or operator.

Top Operators

Exxon Mobil
#1
Chevron
#2
Pioneer Natural Resources
#3
ConocoPhillips
#4
EOG Resources
#5

Key Formations

Wolfcamp
Primary target for oil production
Spraberry
Primary target for oil production
Bone Spring
Primary target for oil production
Delaware
Primary target for oil production
Avalon
Primary target for oil production

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