Texas’s Midland Basin accounted for 15% of U.S. crude oil production in 2020

Texas’s Midland Basin, part of the larger Permian Basin, which spans parts of western Texas and eastern New Mexico, is made up of many stacked hydrocarbon-bearing formations. Production increases from the Permian Basin (particularly the Midland Basin), contributed to record U.S. crude oil and natural gas production in 2019. In 2021, as the industry continues to work through issues related to reduced consumption due to the COVID-19 pandemic, natural gas production has returned to average levels faster than crude oil production because of rising natural gas prices and more demand to support U.S. exports from the region.
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SynEnergy Partners LLC continues to monitor COVID-19 around the clock under the guidance of our Global Crisis and Regional Incident Management teams, and we have responded as a company with compassion for those who may be affected as well as an abundance of caution to limit the spread of the virus.

We are also taking measures to ensure business continuity remains unimpacted during this time.