SEATTLE (Oil Monster): The U.S. Energy Information Administration (EIA) reports that between 2020 and 2024, the country's total output of oil and lease condensate increased by 1.9 million barrels per day. Nearly 93% of this production came from ten counties in New Mexico and Texas.
All ten of the aforementioned counties are located inside the Permian Basin, according to the EIA data. Nearly 52% of the gain in U.S. production was attributed to two of these counties, Lea and Eddy in New Mexico. Another 21% came from Martin and Midland in Texas. In the meantime, the combined increase of six other Texas counties—Andrews, Glasscock, Howard, Loving, Reagan, and Ward—was 19%. This is based on data from Enverus at the county level.
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These ten counties produced an average of 4.8 million barrels per day of crude oil and lease condensate during the previous year. This amounts to about 37% of the total in the United States.
The bulk of the expansion in these counties was due to the Bone Spring, Spraberry, and Wolfcamp formations. It should be mentioned that since 2020, these geological units have been the main drivers of the expansion of oil production in the Permian Basin and the entire nation.
