1. Is the Permian getting gassier? – “We expect Permian gross gas production to increase by more than 4.5 billion cubic feet per day between the fourth quarter of 2019 and the fourth quarter of 2021,” Rystad Energy said in a report. – One of the main concerns about the Permian is that production is increasingly becoming gassier, that is, the gas-to-oil ratio of the hydrocarbons is leaning in a natural gas direction. While that is certainly true for wells as they age, Rystad said there is less of a concern with new wells. – “We should stress that we do not expect any significant buildup in the gas-oil ratio (GOR) across the Permian basin in the short term,” Rystad said. – The GOR would rise if the overall drilling pace slows down, as aging wells would make up a larger share of the total output. – “[W]e do […]