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Posted November 16, 2018Today in Energy

The Wolfcamp play has been key to Permian Basin oil and natural gas production growth ›

Increased oil and natural gas development in the Wolfcamp play has helped drive overall crude oil and natural gas production growth in the Permian Basin during the past decade. Drilling and completion operations within the Wolfcamp play have been responsible for much of the crude oil and natural gas production growth in the Permian Basin since 2007. As of September 2018, the Wolfcamp accounted for about 1 million barrels of crude oil per day (b/d) and 4 billion cubic feet of natural gas per day (Bcf/d). Crude oil production in the Wolfcamp accounts for nearly one-third of total Permian crude oil production and more than one-third of Permian natural gas production. More

monthly crude oil and natural gas production in the Permian Basin

Source: EIA, based on DrillingInfo

Data Highlights

WTI crude oil futures price

11/15/2018: $56.46/barrel

down$4.21 from week earlier
up$1.13 from year earlier

Natural gas futures price

11/15/2018: $4.038/MMBtu

up$0.495 from week earlier
up$0.958 from year earlier

Weekly coal production

11/10/2018: 14.318 million tons

down0.643 million tons from week earlier
down0.586 million tons from year earlier

Natural gas inventories

11/9/2018: 3,247 Bcf

up39 Bcf from week earlier
down528 Bcf from year earlier

Crude oil inventories

11/9/2018: 442.1 million barrels

up10.3 million barrels from week earlier
down16.9 million barrels from year earlier

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