Monumental innovations

02/10/2014
Tayvis DunnAhoe Exploration Editor Oil production from the Permian basin in West Texas is once again on the rise. According to the January Drilling Productivity Report published by the US Energy Information Administration, production from the Permian is expected to increase by 3,000 b/d from January through February. This would bring production for the entire play to nearly 1.4 million b/d. Since 1921, the Permian basin has produced a cumulative 29 billion bbl of oil according to the Texas Railroad Commission. Accumulative production from the Permian is impressive, but it has been achieved through extreme cycles of boom and bust. Boom cycles are influenced by new technology, available inf...
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