New Technology Primed and Prepped For Permian Challenge

摘要

Better wells, higher efficiencies and improved logistics are becoming the norm as contractors and operators alike ramp up the development of solutions. Players entrenched in the booming Permian Basin oil play of West Texas and southern New Mexico are working their way through the region's growing pains-low takeaway capacity, limited workforce and logistics challenges-with aims to emerge with both success and profit from what pundits are calling one of the world's most important oil provinces. Technological advances used to unlock the full potential of the reserves in the region's Delaware and Midland basins are still being matured, and production is set to increase by as much as 4 MMbbl by the end of 2022, thanks in large part to new pipeline projects being brought online. The bigger picture for future activity in the area is a bit of a mixed bag.