The Eyes of the World are On West Texas

In a recent article from the USGS called the Wolfcamp site in the Permian Basin as "the largest estimate of contiguous oil ever assessed in the United States." They estimate 20 billion barrels of oil at this one site.

While one source reported a total of 644 land based oil rigs were actively drilling nationwide, nearly half (312) were located in Texas. Two hundred and thirteen of the 312 were drilling in the Permian Basin. In other words over 33% of all active land based rigs in the country is drilling in Permian Basin area of West Texas.

Davick Services provides land title research and support to petroleum researchers throughout the Permian Basin.

So what do you know about the Permian Basin? If it garners this much attention you probably should know something, right? . . . Learn more in this article by Joe Cook.

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