Correct me if I’m wrong, but I think that what distinguishes the Permian Basin, I think, from the Eagle Ford and the Bakken
is that Eagle Ford and Bakken have mostly been derisked. That is, for the Bakken and Eagle ford the drillers know where all the most profitable oil is and understand the best economics for oil extraction at these locations—including spacing drill depth etc. As a result both the Bakken and Eagle Ford are in production phase.
This is not so for the Permian.
Even though much of the new horizontal drilling in the USA is being done in the Permian Basin—drillers do not have the permian derisked.
As a result, no safe estimates can be made for the amount of oil that can be extracted at what speed and at what price from the Permian. The Permian has not been derisked.
But you can see from the article the areas of concentration in the Permian.
If there is going to be any serious growth in US oil production after the end of 2015—it will have to come from the Permian Basin.
Will that happen?
Beats me but the Permian is where the big story is for the rest of this year and next—because we’ll learn just how much & how fast the oil can be extracted in the next 12 months or so.
( As a side note, EOG Resources is doing an immense amount of drilling in their derisked parcels in the Eagle Ford this year)
There are some areas in Grayson County that have fairly well de-risked as well.
derisked parcels
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From my perspective, that is a term made up to get more investors.