In April 2019,the Permian Basin became the highest producing field in the world-pumping about 4.2 MMbbl/d.Production in the shale play continues to grow thanks to cost-saving advances in shale drilling technologies.To study the impact of the Permian’s continued production growth,Hastings Equity Partners commissioned a whitepaper in partnership with the University of Houston Energy Research Park titled,”Opportunities and Challenges in the Permian.”“We wanted to understand the takeaway capacity of the Permian and where the incremental oil will end up,”Ted Patton,founder and managing partner of Hastings Equity Partners,told Hart Energy.”Clearly,the Permian Basin has defined our students’ careers in the industry.So the research was largely driven by the motivation to create awareness among faculty on educating the students on the Permian,”said Dr.Ramanan Krish-namoorfi,chief energy officer at the University of Houston and co-author of the research.
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