10 counties in Permian account for 93% of U.S. production growth in 2020-24

From 2020 to 2024 total crude oil and lease condensate production in the U.S. grew by 1.9 million barrels per day, and 93 percent of that production growth was produced in 10 counties in Permian Basin in west Texas and southeast New Mexico.  Two of these counties, Lea and Eddy in New Mexico, accounted for nearly 1.0 million b/d of U.S. production growth (52 percent).  Martin and Midland counties accounted for an additional 0.40 million b/d (21 percent).  Six additional counties – Andrews, Glasscock, Howard, Loving, Reagan and Ward – together grew by 0.36 million b/d (19 percent).

U.S. Energy Information Administration, with data from Enverus, said Tuesday crude oil and lease condensate production in these 10 counties averaged 4.8 million b/d in 2024 – 37 percent of the U.S. total.  EIA said the primary geologic formations responsible for this growth are Bone Spring, Spraberry and Wolfcamp.