IHS Markit research estimates 60B to 70B barrels remain in Permian basin; headed for a second peak
Green Car Congress
SEPTEMBER 26, 2017
The Permian Basin—a mature hydrocarbon basin located primarily in west Texas and extending into southeastern New Mexico—has produced more than 39 billion barrels (cumulative) of oil since it first began production in the 1920s, reaching a previous production peak in 1973. —John Roberts.
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