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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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Rystad: Texas oil output to increase in 2020, but rate of growth to decline

February 20, 2020 by PBOG

Norwegian energy research firm Rystad Energy said this week oil production in Texas is expected to increase each month this year, but the growth rate is expected to slow. Rystad said Tuesday that oil production from wells in Texas increased to an estimated 5.4 million barrels per day in December. The firm said hydraulic fracturing is boosting production, and a majority of large producers in Permian Basin maintained positive production trends in December.

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