Drilling and completion improvements support Permian Basin hydrocarbon production

Drilling and completion improvements support Permian Basin hydrocarbon production
PromData – агенство промышленных и ценовых данных
19.10.2021
The Permian Basin, which spans western Texas and eastern New Mexico, represents the most prolific hydrocarbon production region in the United States. They accounted for about 30% of U.S. crude oil production and 14% of U.S. natural gas production (measured as gross withdrawals) in 2020. Technology innovations, such as longer lateral wells and multi-well pad drilling, has helped reduce costs and increase productivity in developing oil and natural gas resources in the Permian Basin.

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