Two counties in New Mexico account for 29% of Permian Basin crude oil production

In southeastern New Mexico, horizontal wells in the Lea and Eddy counties drove much of the recent growth in Permian Basin crude oil output. Output from horizontal wells in the two counties accounted for 29% of all crude oil production in the Permian in the first quarter of 2023, averaging 1.7 million barrels per day (b/d), according to data from Enverus. The Permian Basin is the largest oil-producing basin in the United States, spanning 66 counties in southeastern New Mexico and western Texas.

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