Permian Basin Undergoes Liquids RevivalConsistent productivity has kept the Permian Basin one of the most active E&P areas in the US and a secure source of domestic energy for more than 80 years.
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The Permian Basin of New Mexico and West Texas, long a storehouse of liquids residing in conventional reservoirs, now offers a tempting array of oil-prone unconventional targets. Composed of sandstone, carbonates and shales, horizontal drilling and multi-stage fracs are tapping new accumulations in this West Texas trend. The Basin houses the up-and-coming Bone Spring, Wolfberry, Avalon and Leonard plays.