GlobalData: Growing Production, Growing Demand

Strong oil and gas demand are set to support production growth in the Permian Basin, says GlobalData Global oil demand has been on the rise since the Covid-19 pandemic. Moreover, the Russia-Ukraine conflict caused major alterations in energy supply routes, which went in favour of the US shale drillers, including those in the Permian Basin. Spanning Texas and New Mexico, Permian Basin remains the largest oil-producing shale player in the US. Strong global demand and geopolitical shifts continue to support growth and competitiveness of this critical energy region, says GlobalData, a leading data and analytics company. GlobalData’s latest report, Permian […]