Permian Region Shatters Record for 2022
Wed, June 14, 2023
Permian Basin natural gas production set an annual record for 2022 with 21.0 billion cubic feet per day (Bcf/d), 14 percent above the 2021 average, according to data from the Energy Information Administration. With energy demand at home and abroad at an all-time high, this milestone is a testament to the commitment of Texas producers to provide affordable and reliable energy to consumers across the globe.
Texas produces more natural gas than any other state in the country – accounting for 24 percent of total U.S. natural gas production – thanks to it being home to the second largest natural gas producing basin in the United States: The Permian Basin.
And according to the EIA’s June 2023 Drilling Productivity Report, 2023 is shaping up to be a record-breaking year as well.
As a leading energy provider, Texas has also promoted further investments in infrastructure and related projects that support natural gas development.
For example, the Matterhorn Express Pipeline is scheduled for completion next year and will deliver natural gas to the Katy Hub on the Gulf Coast, adding additional opportunity for the state to capitalize on its liquified natural gas (LNG) exports.
This will allow Texas to deliver on what they’ve always done: Being a global leader in natural gas production, driving further economic prosperity across Texas and energy security across the nation.
See below for other projects that will add to the expansion of natural gas from the Permian Basin:
- The Whistler Pipeline Capacity Expansion is expanding compression by installing three new compressor stations on the pipeline, increasing capacity by 0.5 Bcf/d to 2.5 Bcf/d. The project is expected to enter service in September 2023.
- The Permian Highway Pipeline Expansionis expanding compression, increasing capacity by 0.55 Bcf/d to 2.65 Bcf/d. The project is expected to enter service in November 2023.
- The Gulf Coast Express Pipeline is expanding compression, increasing capacity by 0.6 Bcf/d to 2.65 Bcf/d by December 2023.