New IHS Markit Data Finds Permian Could Rival World’s Largest Oil Field
The latest data from energy research firm IHS Markit estimates the Permian Basin holds between 60 and 70 billion barrels of technically recoverable resources. Stretching across West Texas and Southeastern New Mexico, the Permian has seen resurgence in activity thanks to new technologies like hydraulic fracturing and horizontal drilling. It is these same technologies, the…