Straddling western Texas and southeastern New Mexico, the Permian Basin has become one of the most attractive North American drilling regions. The basin is credited with helping the US become the world's largest producer of crude oil in 2018.
Once deemed a declining conventional basin, the use of horizontal drilling there in 2012 transformed the Permian into a “Super Basin” – those with a cumulative production of more than 5 billion Boe.
Recent research and analysis shows a need for more investment by supermajors through 2020 to meet volume targets. A call that many majors seem to be answering.
S&P Global is closely tracking all activity in the Permian. We invite you to bookmark this page and return frequently to learn more about the critical issues companies working in the Permian need to consider.
Have a specific challenge or question about working in the Permian? Contact one of our experts.