America is going through an oil boom — and this time it's different - NPR
Jun 9, 2023 · This shift is doing a lot of good in the Permian, America's most prolific oil basin. Oil companies are raking in profits, and the steadier work has also been good for workers across the...
Permian Basin deal wave heralds new phase in shale oil revolution
Feb 14, 2024 · Just 10 companies will now control more than 6.4mn barrels of oil equivalent a day of the Permian’s 12.1mn boe/d of overall output, according to Wood Mackenzie, a consultancy. Six companies...
A Familiar Name Is The Next Big Thing In The Permian Shale Bonanza - Forbes
Nov 28, 2023 · In early November, Enverus released a report touting the southwestern extent of the Barnett shale as likely to become the next major producing formation in the Midland Basin, the eastern part of...
Permian Basin Reserves in Texas, New Mexico Could Drive World Oil …
Mar 24, 2022 · The Permian Basin a sprawling shale patch that lies beneath Texas and New Mexico, is uniquely positioned to become the world’s most important growth engine for oil production. The bulk of...
US jobs boom in the ‘busiest spot in the busiest oilfield’
Jan 31, 2023 · Driving it all is a surge in crude oil production from the Permian Basin, a vast hydrocarbon trove that stretches across western Texas and south-eastern New Mexico. While other US oilfields...
New Mexico emerges as dominant Permian oil producer on …
Aug 26, 2024 · Oil in the Delaware, a sub-basin of the Permian that pushes into New Mexico, is trapped below the surface in more difficult-to-reach formations than in Texas. New Mexico’s stricter drilling...
Oil-Rising Permian Spurs Revenue And Climate Dilemma For New ... - Forbes
Jun 17, 2024 · The Delaware basin, the western portion of the Permian located in New Mexico and West Texas, pulls up crude oil worth at the wellhead over $2 billion per month for New Mexico operators.
Shale boom sends US oil production to new world record - Houston Chronicle
Mar 12, 2024 · The Permian Basin of West Texas and New Mexico is the largest oil-producing region in the country, accounting for roughly 40% of all U.S. crude oil production, and among the largest in the...
How An Oil Boom in West Texas Is Reshaping the World | TIME
Jan 3, 2019 · The Permian oil boom in Texas is putting the U.S. on the energy map. This year, it's expected to generate millions of barrels per day. The Permian boom has transformed America's...
Shale oil boom gave Permian Basin a second life - Dallasfed.org
The Permian Basin’s second chance at new life parallels earlier development of the Eagle Ford in South Texas. Horizontal drilling and fracturing could produce oil from shale—and the western Permian Basin is rich in shale.