Permian Basin's Natural Gas Production Reaches All-Time Yearly High in 2021

June 3, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--According to the U.S. Energy Information Administration (EIA), marketed natural gas production from the Permian Basin, the second-largest shale gas-producing play in the U.S., reached a new annual high in 2021.

The EIA expects natural gas production in the Permian to rise 12.6% in 2022, boosted by high prices and increasing demand. The agency expects record U.S. natural gas production in 2023, at 106.6 Bcf/d.

Companies featured: Diamondback Energy Incorporated's (NASDAQ:FANG)