The Permian Basin is Headed for a Second Peak. Source: IHS Markit 2017
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HOUSTON–(BUSINESS WIRE)–Energy researchers at IHS Markit have completed the first, three-year phase of a massive Permian Basin research project that models and interprets the giant basin’s key geologic characteristics to better estimate its remaining hydrocarbon potential, and initial results indicate the giant basin still holds an estimated 60 billion to 70 billion barrels of technically recoverable resources. Read more…