Energy Transportation

Recent activity and growth in the Permian Basin

According to current estimates, the Permian Basin is one of the largest oilfields in the world. A recent presentation from Pioneer Natural Resources (PXD) showed the total recoverable resource potential of the Spraberry and Wolfcamp formations in the Permian Basin to be approximately 75 billion barrels of oil equivalent, up 50% from 2013 level, and second only to the Ghawar Field in Saudi Arabia.

via Must-know: Recent activity and growth in the Permian Basin » Market Realist.

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