ExxonMobil leads Permian production growth outlook

Midland Reporter-Telegram reports that Permian Basin oil producers are generally planning for moderate output growth in 2026, with ExxonMobil standing out as the largest driver of the increase. East Daley Analytics reviewed guidance from 14 public operators and estimated Permian oil production growth of 183,000 barrels per day, or 2.7%, for the year.

ExxonMobil alone is expected to account for 113,000 barrels per day of that growth. Rich Dealy, ExxonMobil’s vice president for the Permian Basin, pointed to the company’s large inventory, 1.5 million-acre position, longer lateral opportunities, and continued technology testing as factors supporting its plans. The company is still targeting 2 million barrels per day from the Permian by the end of 2030, following its Pioneer Natural Resources merger.

For investors and market watchers, the forecast highlights the Permian’s continued role in U.S. supply growth while also showing that most operators remain measured with capital and activity levels. Excluding ExxonMobil, East Daley estimated Permian growth would be closer to 1.2%. Readers tracking the broader basin outlook may also find Guardian Energy Partners’ coverage of Permian output estimates and oil and gas investment fundamentals useful for additional context.

Source: Midland Reporter-Telegram

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