An early-summer rebound in Permian Basin gas production has definitively stalled out in recent weeks as drilling, well completions and rig counts across West Texas hit multiyear lows. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In August, Permian production averaged 11.3 Bcf/d – down about 250 MMcf/d compared with levels in the month prior. In July, output hit summer highs at over 12.2 Bcf/d as an onslaught of previously curtailed wells were brought back online, data compiled by S&P Global Platts Analytics shows. Sputtering production in recent weeks comes as a maturing production profile across West Texas begins taking its toll, leaving output well below its record-high level in February at nearly 13.4 Bcf/d. In July, Permian producers drilled only 138 wells while completion crews turned just 98 wells to sales – the lowest monthly figures on record dating back to 2013, according to […]