This post was originally published on this site

James Osborne | Houston Chronicle | May 7, 2019

U.S. oil production will hit 13.1 million barrels a day in 2020, the Energy Information Administration says in a new forecast.

That’s a 19 percent increase over last year’s average of 11 million barrels a day, with the forecast projecting most of the gains will come from the Permian Basin, which spans West Texas and Eastern New Mexico.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

54 − = 51