Permian Basin Sets Production Records Despite Declining Rig Counts – How Efficiency Gains Are Reshaping Texas Drilling
The Permian Basin is defying conventional industry logic in 2025. While rig counts have fallen substantially from their 2022 peaks, crude oil production continues setting records that would have seemed impossible a decade ago. This apparent paradox reflects a fundamental transformation in how Texas operators approach drilling and completion operations, prioritizing efficiency and productivity over …