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Permian Basin

Straddling western Texas and southeastern New Mexico, the Permian Basin has become one of the most attractive North American drilling regions, particularly as oil prices start to stabilize. Once deemed a declining conventional basin, the use of horizontal drilling there in 2012 transformed the Permian into a “Super Basin” – those with a cumulative production of more than 5 billion Boe.

IHS Markit believes the Permian will unilaterally support an increase in US crude production of more than 500,000 barrels per day in 2017 and will produce a total liquids output of more than 4 million barrels per day by 2021. Not surprisingly, the Permian has emerged as the premier US upstream M&A target, with the value of transactions reaching $25.6 billion in 2016 (41% of the total US upstream deal value) and continuing a strong upward trend in 2017.

IHS Markit is closely tracking all activity in the Permian. We invite you to bookmark this page and return frequently to learn more about the critical issues companies working in the Permian need to consider.

Read the IHS Markit Permian Basin Blog

Sep 11

Pricing continues to dominate in the Permian

This is a collaborative article from Pritesh Patel, Shrav Gummadi and Dipti Patel. The Permian Basin is the most dynamic play in North America today. The Wolfcamp Delaware is holding its own at a price under $30 as breakeven in its first quintile wells. The Wolfcamp Midland is also very good but is still approximately $10 higher to breakeven. In the se..more

Aug 21

Changes in shale well design: Reaching the limits?

The industry adapted remarkably fast to the 2014 collapse in crude oil prices. Its survival was rooted in four factors: collapsing service sector prices, retrenchment to the core, improved well design, and learning. In the third quarter of 2016, the Lower 48 started showing signs of a robust recovery, and a year later, activity has doubled and grow..more

Aug 17

How the brown sand bonanza impacts US shale plays

The frac sand industry is in a transition phase, seeing the emergence of regional Texas mines potentially becoming more and more important over the next 12 to 18 months. With around 60 million tons of new supply expected to come online in Texas from 2017 to 2018 through new greenfield mines and brownfield mine expansions, there could be a scenario w..more

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