Permian oil production is soaring and gaining importance on a global scale.
(Note: related companies are at base of the
story and all the sources listed in the “Balanced” section)
The United States has already surpassed Saudi
Arabia as the largest producer of oil.
Much of the increase has come in response to higher production in the
Permian Basin, a region between western Texas and southeastern New Mexico. The Permian Basin now accounts for more than one-third
of domestic oil production, and that percentage is growing. So much that some now believe Permian
production will soon surpass Saudi Arabia’s Ghawar Oilfield and become the
largest oil-producing field in the world.
