Related Articles
Forward article link
Share PDF with colleagues

Permian - the premier play

In the first of our series assessing producer economics, we analyse the Permian, where things are on the up

The shale business took some time to arrive to the Permian Basin in West Texas, but it has thrived there more than just about anywhere else. In the Permian, which produces 20% of US oil, shale drillers have found better returns than other tight oil plays, low geological and political risk and vast tracts of oil-rich land under-pinning huge growth potential. It is little surprise then that the Permian is at the leading edge of US shale's nascent recovery. The rig count is an imperfect indicator of what is going on in the oil patch, but it does point to where drillers are putting their money. And it shows that since oil prices started to rebound earlier this year most of the action has been i

Also in this section
US tight oil turning over a new leaf?
18 December 2017
A shale sector that emphasised returns over production growth would be a win from both shareholders and oil markets
Latest licensing rounds
13 December 2017
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
East Mediterranean—a mixed bag
12 December 2017
While Egypt's gas output is set to soar, Cypriot and Israeli exports are being curtailed by regional politics and low prices. It's a mixed outlook for East Mediterranean gas