Where is the Permian shale?
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Where is the Permian shale?
The Permian Basin is a shale basin about 250 miles wide and 300 miles long, spanning parts of west Texas and southeastern New Mexico. It includes the highly-prolific Delaware and Midland sub-basins.
Where are the shale oil fields?
There are two major deposits: the eastern US deposits, in Devonian-Mississippian shales, cover 250,000 square miles (650,000 km2); the western US deposits of the Green River Formation in Colorado, Wyoming, and Utah, are among the richest oil shale deposits in the world.
Who is the largest oil producer in the Permian Basin?
IEEFA used data from the Railroad Commission of Texas and the New Mexico Oil Conservation Division to identify the largest oil producer in the region for 2020. OXY was the largest regional producer for the last full calendar year, with approximately 487,000 barrels of oil and liquids produced daily in the Permian.
Which is the largest shale oil reserves?
The US Energy Information Agency (EIA) estimates China holds the world’s largest shale reserves of 31.6 tcm (1,275 tcf) of technically recoverable shale gas reserves.
How long will oil last in the Permian Basin?
The Permian production is once again growing and will continue to break records to 2027. Estimating reserves is challenging, but data suggests Permian oil will peak and then fall in the early 2030’s as core reserves are exhausted. Permian natural gas will continue to climb to 2050 before declining precipitously.
How much oil is left in the Permian?
Oil and Gas Resources Remaining in the Permian Basin: Targets for Additional Hydrocarbon Recovery. Reservoirs in the Permian Basin of Texas are estimated to have contained a total of 105.7 billion barrels (Bbbl) of oil at discovery.
What is the deepest oil well in the US?
The deepest well drilled in the U.S., the Lone Star Bertha Rogers No. 1, was completed in 1974 as a dry hole in the Anadarko basin in Washita County, Oklahoma. The well was drilled as a wildcat to a depth of 31,441 ft.
How long will U.S. shale oil last?
The Oil Shale Resource Base Present U.S. demand for petroleum products is about 20 million barrels per day, so 800 billion barrels would last for more than 400 years if oil shale could be used to meet a quarter of that demand.
Which state has most fracking?
| Shale Region | Shale Oil Production | States |
|---|---|---|
| Permian Basin | 2,286,000 bpd | Mostly Texas, though some production comes from New Mexico |
| Eagle Ford Shale | 1,144,000 bpd | Texas |
| Bakken Shale | 964,000 bpd | Mostly North Dakota, though some production comes from Montana |
| Niobrara Shale | 444,000 bpd | Colorado and Wyoming |
