Domestic natural gas production is expected to continue to climb even if oil output levels off, as demand for gas compression services enters a “durable upturn,” driven by LNG exports and power needs tied to artificial intelligence (AI), according to Archrock Inc. CEO Brad Childers.

Two pie charts comparing Permian Basin production in 2014 and projected for 2030. In 2014, production was 65% oil and 35% gas, while by 2030, gas is forecast to rise to 46% and oil to fall to 54%. The graphic illustrates the region’s shift toward higher natural gas output, based on Enverus data via Archrock Inc., published by Natural Gas Intelligence.

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At A Glance:

Compression fleet utilization hits 96%LNG export growth fuels new horsepower ordersPermian remains key growth engine