How big is the wave of Permian production headed our way? It's an important question when we consider what has transpired in the Permian Basin over the last year.The rapid ramp of rigs since May 2016 caught much of the industry off guard. However, the underlying fundamentals to support the rig count are sound. Our breakeven map shows virtually all of the Permian has assets that can be developed at $50/bbl. In fact, our current view shows over 62,000 remaining locations that breakeven under $55/bbl. That equates to over 20 years of low cost drilling inventory at today’s activity levels. The acceleration was catalysed by a burgeoning M&A market, with buyers needing to secure and add rigs to the field to make deals accretive. So how does this translate to production and what are the key factors to consider?