The Permian Basin

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The Permian Basin is around 250 miles wide and 300 miles long, across West Texas and southeastern New Mexico. It encompasses several sub-basins, including the Delaware Basin and the Midland Basin.

The Permian Basin is one of the most prolific oil and natural gas geologic basins in the United States. It is a significant contributor to America’s energy resurgence and has been delivering resources to meet US needs for many decades.

The Permian accounted for around 32% of contiguous US onshore oil production in 2015, but in April 2017 accounted for roughly 45%, with growth set to continue.

Companies have been working in the Permian, since the early 1920s and in 2011 it produced its 5 billionth barrel. Estimated reserves also continue to rise with the Wolfcamp formation alone estimated to contain 20 billion barrels of technically recoverable oil.

Half of all oil rigs in the US are located in the Permian, with the majority of activity happening in five key counties in Texas: Midland, Martin, Loving, and Reeves.

Enhanced oil recovery techniques—first water flooding and then carbon dioxide injection—have had major applications in the Permian. The basin holds the largest crude oil fields in the United States, including more than 20 of the nation’s top 100 oil fields.

It is now delivering transformational production growth as advanced technologies and build drilling efficiencies are applied to ensure greater success in fueling America’s energy needs.


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