Permian - the premier play
In the first of our series assessing producer economics, we analyse the Permian, where things are on the up
The shale business took some time to arrive to the Permian Basin in West Texas, but it has thrived there more than just about anywhere else. In the Permian, which produces 20% of US oil, shale drillers have found better returns than other tight oil plays, low geological and political risk and vast tracts of oil-rich land under-pinning huge growth potential. It is little surprise then that the Permian is at the leading edge of US shale's nascent recovery. The rig count is an imperfect indicator of what is going on in the oil patch, but it does point to where drillers are putting their money. And it shows that since oil prices started to rebound earlier this year most of the action has been in
Also in this section
11 April 2025
The Gulf state’s offer to supply electricity-starved Syria is an opportunity to support a key ally, but Doha’s ambitions to build broader pipeline networks to Turkey and Europe face challenges
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
10 April 2025
Technology, policy and narrative are the three biggest factors that could change the course of our 2050 outlook
10 April 2025
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
