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Permian Basin  - West Texas
The USA is 5 % Of The World Population And They Use 25 % (16 to 21 million bbl's - A Day - 14583 bbl's a minute) 
Of The Daily World Production (85 to 95 million bbl's - A Day - 66000 bbl's a minute).

    What The Permian Produces In One Day. 2,021,629 Barrels May. 2018 - The USA burns in 139 minutes. The World Burns in 31 minutes.
(1404 bbl's a minute - 2,021,629 - daily average - May. - 2018)  Texas Permian Basin Production

 TRRC Is Taking Three To Four Months To Update Production Data - Go Figure!
Less Then 2% Of The Permian Is Commercial At $30.00 12/2015

Saudi Permian - A Race To The Bottom For Tight Oil 08/2016

Permian Basin - Eagle Ford - A Global Perspective 05/2018


2014
A daily bump up from June 2014 to July 2014 of 32493 bbl's a day  /  A daily bump up from July 2014 to August 2014 of 17867 bbl's a day
A daily bump up from August 2014 to Sept. 2014 of 11959 bbl's a day  /  A daily bump up from Sept. 2014 to Oct. 2014 of  18880 bbl's a day
A daily bump up from Oct. 2014 to Nov. 2014 of  15452 bbl's a day  /  A daily bump up from Nov. 2014 to Dec. 2014 of  36212 bbl's a day

2015
daily bump down  from Dec. 14 to Jan. 15 of (138930) bbl's a day - gross was 1061450 /
daily bump up from Jan. 15 to Feb. 15 of 98372 bbl's a day - gross was 1159822
TRRC went back and changed the final number for 2014 - upping them - In Jan. 2015 it was 1061450 - In Feb. 2015 it is 1261769 - It is amazing how they can do that!
daily bump up from Feb. 15 to Mar. 15 of 31300 bbl's a day - gross was 1191122  daily bump up from Mar. 15 to Apr. 15 of 29869 bbl's a day - gross was 1220991
daily bump up from Apr. 15 to May. 15 of 57574 bbl's a day - gross was 1278565  daily bump up from May. 15 to June. 15 of 20328 bbl's a day - gross was 1298893
daily bump up from June. 15 to July. 15 of 12065 bbl's a day - gross was 1310958  daily bump up from July. 15 to Aug. 15 of 8627 bbl's a day - gross was 1319585
daily bump up from Aug. 15 to Sept. 15 of 19827 bbl's a day - gross was 1339412  /   daily bump up from Sept. 15 to Oct. 15 of 7966 bbl's a day - gross was 1347378
daily bump up from Oct. 15 to Nov. 15 of 5263 bbl's a day - gross was 1352641  /  daily bump up from Nov. 15 to Dec. 15 of 31176 bbl's a day - gross was 1383817

2016
daily bump down  from Dec. 15 to Jan. 16 of (83725) bbl's a day - gross was 1300092
daily bump up from Jan. 16 to Feb. 16 of 42026  bbl's a day - gross was 1342118
TRRC went back and changed the final number for 2015 - upping them - In Jan. 2016 it was 1300092 - In Feb. 2016 it is 1395888 - It is amazing how they can do that!
daily bump up from Feb. 16 to Mar. 16 of 48116  bbl's a day - gross was 1390234  /  daily bump up from Mar. 16 to Apr. 16 of 27268  bbl's a day - gross was 1417502
daily bump up from Apr. 16 to May. 16 of 2508  bbl's a day - gross was 1420010  /   daily bump up from May. 16 to June. 16 of 23945 bbl's a day - gross was 1443955
daily bump up from June. 16 to July. 16 of 18166 bbl's a day - gross was 1462121  /  daily bump up from July. 16 to Aug. 16 of 9717 bbl's a day - gross was 1471838
daily bump up from Aug. 16 to Sept. 16 of 4998 bbl's a day - gross was 1476838  /  daily bump up from Sept. 16 to Oct. 16 of 3187 bbl's a day - gross was 1480025
daily bump up from Oct. 16 to Nov. 16 of 9118 bbl's a day - gross was 1489183 /   daily bump up from Nov. 16 to Dec. 16 of 8899 bbl's a day - gross was 1498082

2017
daily bump down from Dec. 16 to Jan. 17 of (103399) bbl's a day - gross was 1394683  /  daily bump up from Jan. 17 to Feb. 17 of 80131 bbl's a day - gross was 1474814
daily bump up from Feb. 17 to Mar. 17 of 12431 bbl's a day - gross was 1487245  /  daily bump up from Mar. 17 to Apr. 17 of 78101 bbl's a day - gross was 1565346
daily bump down from Apr. 17 to May. 17 of (6332) bbl's a day - gross was 1559014  /  daily bump up from May. 17 to June. 17 of 41401 bbl's a day - gross was 1600415
daily bump up from June. 17 to July. 17 of 9908 bbl's a day - gross was 1610323  /  daily bump up from July. 17 to Aug. 17 of 18161 bbl's a day - gross was 1628484
daily bump up from Aug. 17 to Sept. 17 of 4446 bbl's a day - gross was 1632930  /                           TRRC had no report for Oct. 17 - skipped to Nov. 17                            
daily bump up from Aug. 17 to Nov. 17 of 56544 bbl's a day - gross was 1689474  /  daily bump up from Nov. 17 to Dec. 17 of 61840 bbl's a day - gross was 1751314
2018
daily bump down from Dec. 17 to Jan. 18 of (47259) bbl's a day - gross was 1704055  / 
daily bump up from Jan. 18 to Feb. 18 of 118858 bbl's a day - gross was 1822913
daily bump up from Feb. 18 to Mar. 18 of 77853 bbl's a day - gross was 1900766  /                                   TRRC had no report for Apr. 18 - skipped to May. 18
 
daily bump up from Mar. 18 to May. 18 of 120863 bbl's a day - gross was 2021629  /                                                                                                                                 
Based On The Number Of Permits Issued For The Permian - Give Or Take For Oil or Gas
 
75,826 Wells According To TRRC (2008 to July. - 2018)
Texas Permian Basin Permits
That is an average of 26.7 bbl's of crude oil a day per well. Not Even 1/8 of a truck load

Note - TRRC Is Always Late In Monthly Production Data Updates & Always Back Dating Number
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Current Tight Oil Production
Bakken/ND - BK/ND / Permian - PM / Eagle Ford - EF



Note - TRRC Is Always Late In Monthly Production Data Updates & Always Back Dating Numbers
Texas - TRRC The Permian Basin
Texas - TRRC
Condensates - NGL - Crude Oil

I wanna hold 'em like they do in Texas plays
Fold 'em, let 'em, hit me, raise it, baby, stay with me (I love it)
Poker Face

Drilling Deeper - 2018

A REALITY CHECK ON U.S. GOVERNMENT FORECASTS
FOR A LASTING TIGHT OIL & SHALE GAS BOOM


The Great American Oil Boom
, which he helped create, is "not going to be as massive as people think."
The chances of the USA being independent in oil are very slim,
Mark Papa former CEO of EOG Resources

The Fracking Bubble.

"There is no next big horizontal play waiting in the wings to follow the Bakken and Eagle Ford." EOG, CEO.
There Is No Act Three

But Thomas (EOG CEO) contends the Permian is not a pure crude oil play.
The Permian is a “combo” play–meaning that it has lots of natural gas, and natural gas liquids, but not nearly the quantity of oil that the Bakken and Eagle Ford have.
EOG’s Thomas addressed the Permian specifically at the Bernstein conference by noting
“that while the Permian has a big boe (barrel of oil equivalent) count, the play is heavy on the “e’s” and not so much on the “o’s”…….”.

New Projections

“The Permian Basin is so blessed,” said Hoxie Smith, director of Midland College’s Petroleum Professional Development Center, at the forum.
 “We have more oil here than anywhere in the world, probably more than Saudi Arabia, right here in this basin.”
Tens of billions of barrels of oil could still be tapped, he said.
West Texas Boom or Bust


  I'm Lost In The Shuffle
Lost In The Shuffle

Comments From A Land Man
Every 35 year career geologist and engineer that I know and work with in the Permian Basin
 knows that the 90% of the horizontal wells completed today are not economic.


Wood Mac - Capex Increasing

Burn out the day Burn out the night
I'm not the one to tell you what's wrong or what's right
I've seen suns that were freezing and lives that were through
Burnin For You


Need for clarification. In alot of articles published on the net and paper. Stated production numbers from both plays that do not add up.
Such as . Eagle Ford making 2.3 million bbl's. Look to the state agency that count's the eagle ford, Texas production.
TRRC - Texas Railroad Commission




Question Is


Permian Basin - West Texas - Decline - Production Chart



We're setting sail To the place on the map from which no one has ever returned
Drawn by the promise of the joker and the fool By the light of the crosses that burn

Oh, save me. Save me from tomorrow I don't want to sail with this ship of fools

Ship Of Fools




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