The Permian Basin, a key oil-producing region in the U.S., spans parts of Texas and New Mexico and has consistently demonstrated strong production performance. The daily production has seen a steady increase: starting from approximately 7 million BOE per day in June 2019, slightly rising in June 2020 to about 7,2 million BOE per day, then rising to 8,1 million BOE in June 2021, 9 million BOE in June 2022, and reaching 9,8 million BOE per day by June 2023. Key operators include Occidental Petroleum, Chevron, ExxonMobil, Pioneer Natural Resources, and ConocoPhillips.
