Between 2020 and 2024, 93% of U.S. crude oil growth came from just 10 counties in the Permian Basin, led by Lea and Eddy in New Mexico and Martin and Midland in Texas. Year-to-date drilling reinforces this trend, with Eddy and Lea surpassing 1,300 wells drilled and major operators like Exxon, Diamondback, and OXY dominating activity.
Permian Powerhouse: 10 Counties Driving U.S. Oil Growth and Drilling Activity
