Oil output in the Permian Basin is projected to hit a record and DUCs, have sunk to the lowest volume since 2014
Increased financing and strong oil demand has increased Permian drilling – get detailed drilling report
Permian Basin Covering 86,000 miles and 52 counties across southeastern New Mexico and western Texas, the Permian Basin is made up of three subsidiary basins: the Delaware, Midland, and Central Basin Platform.
The Midland Basin is in the eastern Permian Basin and is within Texas’s borders. During the last decade, hydrocarbon exploration and production in the Midland Basin were driven by development of the organic-rich, lower permeability units within the Wolfcamp and Spraberry formations.