Permian Basin
Oil and gas production, drilling activity, and infrastructure in the Permian Basin.
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Latest Permian Basin Stories
EIA forecasts natural gas production increase in Permian Basin
The EIA forecasts U.S. natural gas production to increase by 2% in 2026 and by 1% in 2027, reaching over 111 Bcfd next year. January saw Henry Hub prices average $7.72 per million BTU, an 81% increase from December due to heightened heating demand and reduced production. Production is expected to ramp up in the second half of 2026 as new pipeline capacity in the Permian comes online.
Brazos expands natural gas processing capacity in Texas Permian basin
Brazos Midstream has commissioned a 300-MMcfd cryogenic natural gas processing plant in Martin County and is constructing another in Glasscock County. The Sundance complex now has a total capacity of 500 MMcfd, with plans for the Cassidy complex to add another 300-MMcfd by the end of 2026. Additionally, over 70 miles of new high-pressure gathering pipelines are being constructed to enhance infrastructure in the Midland basin.
Verde Clean Fuels suspends Permian basin GTG project
Verde Clean Fuels has suspended its natural gas-to-gasoline project in the Permian basin due to changing market conditions. The project aimed to produce nearly 3,000 b/d of gasoline from associated natural gas but will now focus on other opportunities in regions with stranded or flared natural gas.
Borco U.S.A. acquires 220 oil and gas wells in Permian Basin
Borco U.S.A. has acquired a 220-well oil and gas package in the Permian Basin, expanding its operational footprint. The acquisition includes a mix of deep and shallow vertical wells with stable production profiles and development potential. This transaction is expected to increase Borco's daily production, proved reserves, and cash flow.
Permian Basin shifts to disciplined cash engine strategy
Executives indicate the Permian is transitioning from a growth-focused strategy to a disciplined cash engine approach. This shift involves fewer rigs and lower capital expenditures while improving recovery rates, which extends inventory life. The basin is being reinforced as a durable asset in U.S. shale.
Element3 launches lithium carbonate production in Permian Basin
Element3 has commenced lithium carbonate production in Midland, Texas, marking the first new domestic lithium mining project in the U.S. in over 50 years. The facility has a capacity of 3,000 tons per annum and utilizes oil and gas wastewater as feedstock. This initiative aims to support U.S. lithium supply chains and reduce dependence on foreign sources.
Element3 starts up lithium extraction facility in Permian Basin
Element3 has initiated operations at a new facility in the Permian Basin that extracts lithium carbonate from oil-field wastewater. This development marks a significant step in lithium production within the region.
Permian Basin reduces methane emissions through technology and policy support
The Permian Basin has seen a more than 50% reduction in methane emissions intensity from 2022 to 2024 due to advanced technologies and operational practices. The region produces approximately 20-21 million barrels of produced water daily, with only 25% reused. The Section 45Q tax credit incentivizes carbon capture, making it an economically viable strategy for emissions reduction in the Basin.
USEDC plans to deploy up to $1B in 2026 for Permian Basin expansion
U.S. Energy Development Corporation (USEDC) plans to deploy up to $1 billion in 2026, focusing on expanding its inventory in the Permian Basin. This follows previous capital deployments of over $1 billion in 2025 and nearly $800 million in 2024. The company emphasizes disciplined capital allocation and strong financial foundations to navigate market conditions.
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