<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2LDgw6_0wN7xAJ700" alt="https://img.particlenews.com/image.php?url=2LDgw6_0wN7xAJ700" width="900" height="439" ></figure>ODESSA, Texas (KMID/KPEJ) – In recent weeks, ABC Big 2 News has brought you news about a slowdown in crude oil production by the end of the 2024.The Permian Basin is said to set new records in 2025 when it comes to energy production.According to the Texas Oil and Gas Association with statistics by the U.S. Energy Information Administration, the Permian Basin’s crude oil production is set to produce 6.6 million barrels per day in the next year, while its natural gas production is set to average 25.8 billion cubic feet per day.Additionally, the Texas energy industry has added over 38,400 jobs since the 2020 slowdown. Average salaries are said to range from 124,000 dollars in 2023.In other oil and gas news, after 19 days of water being shot out of a Reeves County well, it has now been sealed by a Houston company.Kinder Morgan put a stop to the well Monday according to Reeves County Emergency Coordinator Jerry Bullard.“Cleaning the surrounding environmental damage would take months. The county has notified the residents of nearby Toyah,” said Bullard.Kinder Morgan was not the previous owner of the well and is said to be helping the state of Texas with quote “well remediation.”The well ruptured back on October 2nd.Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.For the latest news, weather, sports, and streaming video, head to Yourbasin. </div></body>

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Powering the Permian – Energy production to set records in 2025; Toyah oil-well now closed

ODESSA, Texas (KMID/KPEJ) – In recent weeks, ABC Big 2 News has brought you news about a slowdown in crude oil production by the end of the 2024. The Permian Basin is said to set new records in 2025 when it comes to energy production. According to the Texas...