Tag Archives: IHS Markit
Permian Basin Oil Workers Face Possible Bust As Global Oil Markets Crash
By Mitch Borden In West Texas, the Permian Basin is home to America’s largest oil field, where just about everyone depends on the energy industry. But with the spread of the coronavirus pandemic, world markets in flux, and Saudi Arabia … Continue reading
Posted in KRTS News
Tagged Boom Bust, Coronavirus Pandemic, crude oil, IHS Markit, oil, Oil Bust, Permian Basin, Saudi Arabia
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REPORT: Permian Production Could Double by 2023
The booming Permian Basin, which is already on target to hit record-setting output this year, could double crude oil production in the next 5 years, according to a new IHS Markit report.
Permian Could Yield Up To 70 Billion Barrels of Crude, Research Says
New research out this week, looking at production in the Permian Basin, says the next several decades could keep oil operators busy as estimates show there are billions of barrels of crude waiting to be tapped.