The Permian Basin is the top crude oil-producing region in the Lower 48 accounting for nearly 30% of US onshore oil production. Driven by two of the most prominent unconventional plays, the Wolfcamp and Bone Spring, the region currently produces nearly 2 million barrels of oil per day. In 2016, the Permian will average 300 rigs and attract over $27 billion in capex. With $170 billion in remaining value, the Permian will remain a key driver of growth led by the region's top operators including Occidental, Pioneer, and Chevron.
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Insight | Oct 2015
Permian Region: Activity Overview
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