Data only includes areas in the states’ main electricity markets. Counties in light grey are outside of the markets. 25
WIND POWER CAPACITY
0 MW 2,072 MW
TEXAS LEADS THE NATION IN HIGHEST ONSHORE WIND PLANT CAPACITY. 27
SOLAR ENERGY PRODUCTION BY COUNTY
Solar farms have been built across the states’ main electricity grid.
Data only includes areas in the states’ main electricity markets. Counties in light grey are outside of the markets. 26
SOLAR POWER CAPACITY
0 MW 1,482 MW
NEW MEXICO LEADS THE NATION IN PERCENTAGE CHANGE OF SOLAR CAPACITY ESTIMATED TO BE ADDED IN 2024 WITH AN INCREASE OF 115%, TEXAS IS SECOND AT 76%. 28
Much of Texas’ wind and solar energy generation is located in the Permian Basin
About the Permian Strategic Partnership
OUR MISSION
To strengthen and improve quality of life for Permian Basin residents by partnering with federal, state, and local leaders to develop and implement strategic plans that foster superior schools, quality healthcare, a trained workforce, safer roads, and affordable housing. The companies involved with the Permian Strategic Partnership bring people, expertise, resources, and leadership to develop solutions in partnership with local leaders and communities.
OUR MEMBERS
Apache Corporation
BPX Energy
ChampionX
Chevron Civitas
ConocoPhillips
Coterra Energy
Devon Energy
Diamondback Energy
Endeavor Energy Resources
Energy Transfer
EOG Resources
ExxonMobil
Halliburton
Helmerich & Payne
Kinetik
Liberty Energy
Mewbourne Oil Company
Occidental
Ovintiv
Permian Resources
Phillips 66
Plains All American
Targa Resources
Texas Tech University System
University of Texas System
WaterBridge
Western Midstream
Power of the Permian Economic Report
Note: ERCOT defines one megawatt (MW) as enough to power about 200 Texas homes during high demand. Data is limited to ERCOT operating areas only and includes additional capacity that will be connected to the grid in 2023.
FOOTNOTES
1. Baker Hughes North American Rig Count Report 5/3/24. Total US rigs: 605. Permian Rigs: 316. 316 is 52% of 605
2, 4-7, 27-28. Rystad Energy
3, 8-10, 12-14, 18-24. The Perryman Group, Fueling the Future, April 2024
11. https://docs.txoga.org/files/4164-eeir-2023-one-pager. pdf
15-16. Texas State Comptroller
17. New Mexico Taxation and Revenue Department and The Perryman Group 25-26. Rystad Energy, ERCOT and Texas Tribune
www.permianpartnership.org
Top Producing Regions
The Permian represents over half of all active rigs in the US. 1
The Permian is estimated to make up 50% of US oil production by 2030. If the Permian Basin were its own country, it would be among the top five oil producers in the world. 2
LNG and oil from the Permian Basin provided well over $100bn in contributions to the US Balance of Trade in 2023. 3
Recoverable Resources 92.7 billion
Permian Basin Clean Energy
The Permian Basin ranks 2nd in lowest CO2 emissions per barrel of oil equivalent, among the major onshore producing basins worldwide. 6
