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-0.000201734920314666 -0.000504337300786738 0.000605204760944142 -0.00363122856566471 -0.000806939681258809 -0.00423643332660885 -0.00423643332660885 -0.00423643332660885
Stock impact report

Peak Permian? Geology And Water Say We're Close [zero hedge]

Occidental Petroleum Corporation (OXY) 
Last occidental petroleum corporation earnings: 2/27 04:13 pm Check Earnings Report
US:NYSE Investor Relations: oxy.com/investors/pages/default.aspx
Company Research Source: zero hedge
Peak Permian? Geology And Water Say We're Close Authored by Tsvetana Paraskova via OilPrice.com, Some areas in the Permian have hit geological limits while others, yet to be drilled, are not expected to be as prolific as the prime Tier 1 acreage. Despite record U.S. crude oil production, limits to growth have started to emerge. In the Permian, the gas-to-oil ratio (GOR) has steadily risen from 34% of total production in 2014 to 40% in 2024. After more than a decade of relentless drilling in the top U.S. oil-producing basin, the Permian, some areas have hit geological limits while others, yet to be drilled, are not expected to be as prolific as the prime Tier 1 acreage that producers have started to exhaust. Top executives at major shale firms have already expressed opinions that Permian oil production could hit its peak as early as the end of this decade. To be sure, crude oil output in the top basin continues to rise, but growth has slowed since 2022—not only because producers restra Show less Read more
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