Permian Basin (North America)
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Permian Basin (North America)
It’s hard to exaggerate the importance of the Permian, which accounted for 74% of incremental oil production worldwide between 2015 and 2022. If that gusher is subsiding, the world will need to find new sources of oil, including offshore.
throughout an area larger than many states where Utah, Colorado and Wyoming meet lies an immense reserve of shale oil—riches for somebody.
Edward Abbey • Desert Solitaire: A Season in the Wilderness (Edward Abbey Series Book 1)
The Middle East is home to just over half the world’s proven oil reserves; Saudi Arabia has the second-largest oil reserves (after Venezuela), is second to the United States in oil production, and is the world’s largest oil exporter.
Richard Haass • The World
The Bakken rock layer was about ten thousand feet below the surface and just forty-five feet thick, adding to the challenge of finding oil.
Gregory Zuckerman • The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters
They found that East Texas was a “poor man’s pool,” not only because, with the majors not aggressively buying up land, oil leases could be obtained at reasonable prices, but because, at 3,500 feet, the oil was relatively close to the surface and the drilling was relatively inexpensive; since the East Texas oil was a high-grade, light-gravity oil wi
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