MassiveIndustry

(Tue, 15 Nov 2016) U.S. drilling activity is increasingly concentrated in the Permian Basin, which spans parts of western Texas and southeastern New Mexico. The Permian now holds nearly as many active oil rigs as the rest of the United States combined, including both onshore and offshore rigs, and it is the only region in EIA’s <em>Drilling Productivity Report</em> where crude oil production is expected to increase for the third consecutive month.