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Permian Basin shifts toward horizontal drilling power
The article analyzes rising oil output in the Permian Basin and neighboring plays, noting a shift from vertical to horizontal wells, cost and risk dynamics, and the growing role of Eagle Ford and Bakken regions. It mentions 2014 rigs, projected 2018 capital spending, and industry moves toward derisking with larger firms guiding smaller players. It also covers water use, recycling challenges, disposal wells, regulator reviews, and potential growth in the Cline Shale as it becomes more active.
MENTIONED IN THIS ARTICLE
Permian
Bakken
Eagle Ford
Tudor, Pickering, Holt and Company
Steve Pruett
Permian Basin Petroleum Association
Elevation Resources
Kyle Hammond
Firewheel Energy
Hart
Pruett
Wood Mackenzie
Wolfcamp
Midland
Bone Spring
Permian Basin
University of Texas
Jean-Philippe Nicot
Bureau of Economic Geology
Odessa
Texas
Railroad Commission
Txdot
Gene Powell