most productive U.S. oilfield. However, the part of the Permian basin located in New Mexico could be a lot more affected as roughly half of its production output comes from federal land.
U.S. President Biden's administration is looking to review leases of federal land and water to oil and gas drilling companies. Should such restrictive actions be put into place it would reduce daily oil production in all of the Permian basin by around 0.5 million barrels, or roughly ten percent in the long-term, showcasing the comparatively small federal acreage leased in the Monthly Permian basin oil production under federal lease restrictions in the United States from January 2020 to January 2021, with a forecast until December 2025, by location and scenario (in million barrels of oil per day)
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Oil industry in the UKDallas Fed. (March 4, 2021). Monthly Permian basin oil production under federal lease restrictions in the United States from January 2020 to January 2021, with a forecast until December 2025, by location and scenario (in million barrels of oil per day) [Graph]. In Statista. Retrieved May 04, 2024, from https://www.statista.com/statistics/859360/us-federal-limits-impact-on-permian-output/
Dallas Fed. "Monthly Permian basin oil production under federal lease restrictions in the United States from January 2020 to January 2021, with a forecast until December 2025, by location and scenario (in million barrels of oil per day)." Chart. March 4, 2021. Statista. Accessed May 04, 2024. https://www.statista.com/statistics/859360/us-federal-limits-impact-on-permian-output/
Dallas Fed. (2021). Monthly Permian basin oil production under federal lease restrictions in the United States from January 2020 to January 2021, with a forecast until December 2025, by location and scenario (in million barrels of oil per day). Statista. Statista Inc.. Accessed: May 04, 2024. https://www.statista.com/statistics/859360/us-federal-limits-impact-on-permian-output/
Dallas Fed. "Monthly Permian Basin Oil Production under Federal Lease Restrictions in The United States from January 2020 to January 2021, with a Forecast until December 2025, by Location and Scenario (in Million Barrels of Oil per Day)." Statista, Statista Inc., 4 Mar 2021, https://www.statista.com/statistics/859360/us-federal-limits-impact-on-permian-output/
Dallas Fed, Monthly Permian basin oil production under federal lease restrictions in the United States from January 2020 to January 2021, with a forecast until December 2025, by location and scenario (in million barrels of oil per day) Statista, https://www.statista.com/statistics/859360/us-federal-limits-impact-on-permian-output/ (last visited May 04, 2024)
Monthly Permian basin oil production under federal lease restrictions in the United States from January 2020 to January 2021, with a forecast until December 2025, by location and scenario (in million barrels of oil per day) [Graph], Dallas Fed, March 4, 2021. [Online]. Available: https://www.statista.com/statistics/859360/us-federal-limits-impact-on-permian-output/