Mercer Capital’s Value Focus: Exploration & Production newsletter provides an overview of the industry through supply and demand analysis, commodity pricing, and public market performance.

In addition, each issue of this quarterly newsletter focuses on a region, including Eagle Ford, Permian, Appalachia, and Haynesville, examining general economic and industry trends. In this quarter’s issue, we focus on the Permian.

The Permian basin continues to serve as the centerpiece of the U.S. shale revolution. However, Oklahoma Minerals noted in May that with two-thirds of the Midland’s prime acreage and over half of the Delaware’s having been developed, the basin will face challenges in the near future. Rising water and associated gas content are contributing to increased production costs, leading to more cautious drilling plans for basin operators.

Despite a late-period decline in rig counts, Permian production continued upward over the latest year. However, geopolitical forces and international trade matters pushed oil prices lower, resulting in the Permian producer stock prices being battered since June 2024, particularly in the first quarter and early second quarter of 2025.

Exploration & Production Newsletter

Region Focus: Permian

Also in the newsletter:

• • Oil and Gas Commodity Price Update
  • Macro Update
  • Industry M&A Activity
  • Public Company Performance
  • Production Update
  • Rig Counts

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