08/05/2026 by Cameron Clarke
An industry report has revealed that oil production throughout the US and the Permian basin has hit record levels, alongside flaring intensity showing a substantial decline.
Flaring intensity defines the ratio of natural gas being burned to total oil being produced and serves as a core emissions performance metric for operators.
Analysts uncovered that flaring intensity in the US had dropped by 45 per cent since 2019, while production was boosted by 8 percent during the same period. The report stated that the most prominent improvements were visible in the Permian basin and Texas, where flaring intensity fell by around 62 per cent and 59 per cent respectively.
The Permian basin is well-known in the industry as a region rich in oil and gas that spans parts of New Mexico and West Texas. Energy researchers project that before 2040, almost 70 per cent of oil produced in the US’ geographically connected states will come directly from here.
The Permian basin figures showed the region produced around 6.3 million barrels per day of crude, comprising close to 50 per cent of the US’ total oil output. For the first time in history, annual oil production in Texas was recoded at over two billion barrels.
Major US oil companies operate in the Permian basin including Exxon Mobil and Chevron. The two giants also operate dedicated lubricant brands, Mobil and Texaco, which require crude to manufacture base oils for their extensive ranges of products that include solutions like gas engine oil, heat transfer fluid, hydraulic oil and grease.
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