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Chart of the Day: The Permian Got Gassier after COVID-19!
Summary
Looking at oil and gas production data in the Permian, a direct relationship existed over the years until the end of 2020. Then, suddenly, with the recovery from COVID-19, the situation changed. More natural gas is produced for every barrel of oil produced. The shift is so pronounced, as shown in Figure (1), it makes you wonder what happened!