Investigating New Tools, Technologies for the Permian Basin

摘要

This land of few trees and little water features the country's largest basin, one that's been producing oil for approximately 90 years. Featuring what geologists call one of the world's thickest deposits of rocks from the Permian geologic period and measuring 102,000 sq miles, this hydrocarbon landmark is said to contain 29% of the estimated future oil reserve growth in the US. The Permian has 150,000 producing wells and many more are planned. According to the University of Texas of the Permian Basin, the basin yields more than 1 MMbbl/d of oil, or more than 20% of lower 48 production. As for natural gas, the basin produces 4 Bcf/d. Add to this the undiscovered resources of the Permian, which a 2010 US Geological Survey estimated to be 1,257 MMbbl of oil, 40,584 Bcf of gas, and 1,021 MMbbl of NGL.