Definition - What does Permian Basin mean?
The Permian Basin is an area which includes some segments of US state of Texas and southeastern part of New Mexico. Due to the Permian geologic period, the area has the thickest deposits of rocks around the world. Its width ranges from 250 to 300 miles and the depth can extend up to 250 miles from the surface. According to a survey, the production of crude oil was increased from 850,000 barrels per day to 1,350,000 barrels per day in 2013.
Petropedia explains Permian Basin
Being a resource potential region, the Permian Basin has reignited various industry activities. The basin is one of the largest oil and natural gas producing areas. With the increase in oil production, the area has concentrated in low permeability formations namely, Glorieta, Wolfcamp, Spraberry, Yeso, Delaware and Bonespring formations. It is divided into three major halves, i.e., the Marfa basin, Delwara basin and the Midland basin. The production of oil and gas is done by using two main techniques, i.e., hydraulic fracturing and horizontal drilling. The Permian Basin is highly influenced by climate, sea level, and salinity.