The average oil production per drilling rig in the Permian is half that of the Eagle Ford or the Bakken.
http://www.eia.gov/petroleum/drilling/pdf/dpr-full.pdf
Thinking that the geology is no different is foolish.
Thinking that the geology is no different is foolish.
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Correct. However, you read more into it than I said. I didn’t say the geology of the permian is no different. All I said was that the the “permian deposits are not as beautiful/orderly as those in the eagle ford and baaken.”
And yet permian oil production is growing fast. To your point at least part of the reason for the fast growth is the sheer number of rigs in the Permian.