Exploration & Production

Permian drives US oil and gas production growth

The Permian Basin is at the epicentre of oil and gas production growth in the US, accounting for nearly half the wells drilled in the country this year The Permian Basin is at the epicentre of oil and gas production growth in the US, accounting for nearly half the wells drilled in the country this year.
By Peter Stewart 15 March 2017 0 25049
Drilling for oil in the Permian Basin. (Devon Energy)

The Permian Basin will continue to drive oil and gas production growth in the United States in the coming months, as drilling activity in the region steps up and the backlog of uncompleted wells is cleared.

The Permian straddles western Texas and eastern New Mexico, and has been a centre of intense interest for shale investors. The basin includes regions such as the Wolfcamp, which is regarded as potentially among the most prolific shale plays in the world. The US Geological Survey last year estimated the...