The post is correct that the shaded area of the map, known as the Permian Basin, has large quantities of oil and natural gas. But current estimates don’t add up to a 200-year supply, ...

The claim: Parts of the Permian Basin have enough oil to fuel America for 200 years. This year, due to the increase in the price of crude oil and a shortage of refining capacity, gas prices rose ...

The post is correct that the shaded area of the map, known as the Permian Basin, has large quantities of oil and natural gas.But current estimates don’t add up to a 200-year supply, and dynamic ...

As Permian Basin crude oil production growth begins to moderate, operators active in the region may want to shift their focus ...

The U.S. is experiencing its highest power demand growth in decades, driven primarily by the electrification of oil and gas ...

Dublin, Nov. 08, 2024 (GLOBE NEWSWIRE) -- The "Permian Basin in the US, 2024 - Oil and Gas Shale Market Analysis and Outlook to 2028" report has been added to ResearchAndMarkets.com's offering.The ...

The Permian Basin is Also a Hotbed for M&A Activity As illustrated below, the Permian Basin notched a new production record earlier in 2023— about 5.7 million barrels per day . Source: Forbes ...

Oilfield services company Baker Hughes said Friday its weekly U.S. rig count sank seven rigs to 547, the lowest level since ...

It's a plan to meet the future electricity needs of the Permian Basin. House Bill 5066 in 2023 got the ball rolling for the PUCT and ERCOT to develop it to benefit energy producers in Texas, with ...

The Permian Basin in West Texas is the country's most prolific energy-producing region, accounting for more than 40% of the ...

The Permian Basin routinely accounts for more than 50 percent of the total onshore oil production in the U.S., contributing heavily to Texas' dominance in the oil sector.