Oil field
Permian Basin
West Texas / New Mexico, USA. World's most productive oil basin, ~6+ million bpd of crude plus large associated gas output.
Overview
West Texas / New Mexico, USA. World's most productive oil basin, ~6+ million bpd of crude plus large associated gas output. Driven by shale (horizontal drilling and fracking).
Geopolitical context
The Permian shale boom made the US the world's largest oil producer and shifted global market power away from OPEC. US crude exports, legal again since 2015, now reach Europe and Asia. Shale's quick response to prices makes it a de facto swing supplier, though consolidation and investor discipline have slowed its response to price spikes. Permian associated gas also feeds Gulf Coast LNG export terminals.
Nearby
- Corpus Christi LNG LNG terminal · ~660 km
- Houston / Texas City Refining Hub Refinery · ~733 km
- Freeport LNG LNG terminal · ~746 km
- Haynesville Shale Gas field · ~811 km
- Port Arthur / Beaumont Refining Hub Refinery · ~830 km
- Golden Pass LNG LNG terminal · ~834 km