Permian Boom: U.S. Energy Security Amid Global Turmoil

Texas Permian Basin: A Game-Changer in U.S. Energy Security - The Permian Basin in Texas produced nearly half of all U.S. oil in 2021, reaching a record 13.6 million barrels daily. This boom is due to the regions unique geology, efficient operations, and robust pipelines. Despite fewer rigs, production has remained steady, keeping U.S. stocks stable amid global supply disruptions. The Permians output has significantly boosted Texas economy through royalties and taxes. However, a potential two percent production drop by 2027 due to decreasing rig counts could impact energy security.

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