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Advances in technology led to record new well productivity in the Permian Basin in 2021: EIA

Advances in technology led to record new well productivity in the Permian Basin in 2021: EIA

October 3, 2022 -- "The Permian Basin in western Texas and eastern New Mexico is one of the world’s most prolific unconventional oil- and natural gas-producing regions. The Permian Basin has become more productive because of the technological advancements in drilling and completion techniques, which allow operators to economically extract hydrocarbons from the low permeability reservoirs," the US Energy Information Administration said on Friday. "The stacked reservoirs of the Permian Basin, and the Delaware and Midland subbasins within it, vary in thickness and depth. Improved geological understanding, known as subsurface delineation, helps operators place wells to optimize well spacing in the most productive areas.....  

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