The Permian Basin continues to lead U.S. production growth and shatter output records, though momentum is currently slowing. Questions frequently arise, for a variety of reasons, over whether the basin may be running out of steam.

In part, this is down to the fact that Permian drillers—and the shale industry more broadly—are struggling with oil price swings and shareholder pressure to focus on returns over growth. However, a report published on July 23 by energy data analysis firm Kayrros has also sparked additional interest in the question of Permian productivity. The company said its findings—based on satellite data and proprietary algorithms—showed that hydraulic fracturing activity in the basin was being underreported by more than 20%.

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