The Wolfcamp Shale and overlying Bone Spring Formation in the Delaware Basin portion of Texas and New Mexico's Permian Basin province contain an estimated mean of 46.3 billion barrels of oil, 281 ...

The Permian Basin's Wolfcamp and Bone Spring formations in West Texas and New Mexico hold the most potential oil and gas resources ever assessed, the U.S. Interior Department said Thursday.

Permian crude oil production has more than doubled since 2010 largely as a result of hydraulic fracturing in six low-permeability formations: Spraberry, Wolfcamp, Bone Spring, Glorieta, Yeso and ...

It would have been unthinkable a few years ago, but here I explain why the Permian Basin may soon push Saudi Arabia’s Ghawar oilfield as the most prolific in the world.

Permian Basin Producer Permian Basin Acreage Average daily production volume in 2016 (BOE/d) Occidental Petroleum ~2.5 million: 269,000: Chevron ~2 million: 175,000: Apache ~1.7 million: 161,000 ...

The assets were made up of 18,500 acres on the western side of the Permian Basin, estimated to produce up to 25,500 barrels of oil and gas per day. ... Bone Spring and Avalon formations.

The U.S., led by the Permian Basin, has broken decades-old oil production records. And the U.S. is now projected to become the world's top oil producer. To reach this point, it's taken innovation ...

U.S. Geological Survey, "Assessment of Undiscovered Oil and Gas Resources in the Spraberry Formation of the Midland Basin, Permian Basin Province, Texas," May 2017.

In a troubled oil world, the Permian Basin is the gift that keeps on giving. One portion of the giant field, known as the Wolfcamp formation, was found to hold 20 billion barrels of oil trapped in ...

Similar to the Three Forks formation in the Williston Basin, the Lower Spraberry Shale may prove to effectively be a multi-reservoir play with as many as three "benches" that can be stimulated and ...

But there’s a catch: in some parts of the Permian Basin, there is no fresh water to be found. “Using brackish water looks good on paper, but there is no other choice,” Nicot says.