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 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 ...

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 ...

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

Raymond James’ E&P analyst John Freeman last delved into the Delaware Basin in 2023. This year, Permian Resources ranked last ...

By 2030, the Permian Basin will contribute 50% of U.S. oil production. Although the Permian Basin is home to only 9.2% of New Mexico’s population, the region produces over a quarter, 25.9%, of ...

The Permian Basin in West Texas is the country's most prolific energy-producing region, accounting for more than 40% of the nation's oil production and about 15% of gas production.

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 ...

The discovery of oil in the Permian Basin dates back to the early 20th century, though its geological history is millions of years old. A bowl-shaped dip in the earth’s surface formed, and it ...