Compared with other U.S. basins, the Permian Basin benefits from lower operational costs, better access to oilfield services, and its proximity to U.S. Gulf Coast refineries and export facilities.
Franklin Mountain Energy
Free drilling report for Franklin Mountian Energy. Franklin Mountain Energy ranks #45 in wells drilled in 2023 with 67 wells drilled in the US.
Permian Oil Production Reached Record High Last Month
Crude supply from the Basin, which includes Texas and New Mexico, averaged 4.92 million barrels a day last month, according to the Energy Information Administration.