This is the Permian Basin, the most prolific oil shale play in the US, producing more than 5.7 million barrels of oil per day, up 70% over the past five years. (Its nearest competitor, the Bakken in North Dakota, produces 1.2 million bbl/d). Environmental activists have long opposed ...
Oil companies have been extracting Permian oil since the 1920s. Despite the rumors, there are no serious signs of it letting up yet. Solid engineering and quality infrastructure have been supporting the Permian Basin oil production for almost 100 years. If you would like to benefit from our ex...
Trying to understand real-time activity in the Permian? Major Permian Basin Pipelines The Permian Basin pipeline system is an extensive system of crisscrossed gathering and transportation pipelines. As midstream companies catch up with record oil, gas, and NGL output, the region is undergoing extens...
U.S. Energy Information Administration said this week the Permian Basin’s share of U.S. production will continue to increase and account for more than 50 percent of all U.S. crude oil production in 2026. In its short-term energy outlook Tuesday, EIA said U.S. crude oil production reach...
Permian Basin, large sedimentary basin in western Texas and southeastern New Mexico, U.S., noted for its rich petroleum, natural gas, and potassium deposits. Owing to its economic importance, it is one of the most well-studied geologic regions of the wor
National oil companies: Breaking barriers Refining and marketing: Navigating under uncertainty Global energy policies: Government priorities to come into play Copy 1. The Permian Basin: Repositioning for growth The Permian basin is synonymous with US oil and gas production, contributing to 46% of US...
Exxon CEO Darren Woods attributed the company’s success to its investments in oil and gas fields in Guyana and the Permian Basin, as well as its investments in liquefied natural gas, which has been in high demand globally. “Given the long investment cycle times, growing supply will not ...
Permian Companies Need Ability To Export Crude Members of the Permian Basin Petroleum Association approach PBPA's 52nd annual convention, Oct. 15-16 in Midland, facing a dilemma: oil production gains in the storied basin are helping drive a resurgence in U.S. output, while limited re... D...
PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.
The future of tight oil output in the US will depend in large part on future development of Permian Basin resources in Texas and New Mexico. I have developed nine scenarios for future Permian basin tight oil output based on 3 levels of technically recoverable resources (TRR) and 3 different ...