The Permian Basin is the thickest deposit of Permian aged rocks on Earth which were rapidly deposited during the collision of North America and Gondwana (South America and Africa) between the late Mississippian through the Permian.

Dec 19, 2024 · Permian Basin, large sedimentary basin in western Texas and southeastern New Mexico, U.S., noted for its rich petroleum, natural gas, and potassium deposits. Owing to its economic importance, it is one of the most well-studied geologic regions of the world.

The Permian Basin is an energy-rich depression in the earth’s crust that spans parts of West Texas and New Mexico. How rich? It accounts for nearly 40% of the oil production and 15% of the natural gas production in the United States.

Jan 29, 2021 · Permian Basin Information & Statistics. What is the Permian Basin? The Permian Basin is an oil-and-gas-producing area located in West Texas and the adjoining area of southeastern New Mexico.

The Permian Basin is an oil and gas producing area in west Texas and southeastern New Mexico, and a valuable source of petroleum, chemicals and minerals. This large sedimentary area is comprised of dozens of major and minor hydrocarbon-bearing formations that vary widely in terms of depth, depositional history, rock type, and hydrocarbon content.

Apr 28, 2019 · The Permian Basin is located in West Texas and the adjoining area of southeastern New Mexico. It underlies an area approximately 250 miles wide and 300 miles long and includes the Texas counties of Andrews, Borden, Crane, Dawson, Ector, Gaines, Glasscock, Howard, Loving, Martin, Midland, Pecos, Reeves, Terrell, Upton, Ward, and Winkler.

Mar 11, 2018 · The Permian Basin is one of the most prolific oil producing regions in the U.S. Located in West Texas and East New Mexico; this area spans 86,000 square miles across 52 counties. It has produced over 29 billion barrels of oil and 75 trillion cubic feet of natural gas over the past 90 years.

Dec 5, 2018 · The Permian basin is a sedimentary basin known for its extensive petroleum and mineral resource deposits in western Texas and southeastern New Mexico in the United States. Active since the 1920s, the basin is the largest petroleum producing basin in the U.S.

Sep 30, 2022 · In June 2022, the Permian Basin accounted for about 43% of U.S. crude oil production and 17% of U.S. natural gas production (measured as gross withdrawals). The length of a well's horizontal section, or lateral, is a key factor in well productivity.

The Permian Basin is renowned for vast oil and gas reser ves and record-breaking daily production levels that established the United States as the lar gest producer in the world.