The Permian Basin is one of the richest petroleum provinces in the world, yet it has been “on its death bed” numerous times. As early as 1939, prognosticators have claimed that all the oil there was in the basin had been found. Each time the basin has been left for dead, it is the application of new research and technologies that proved the naysayers wrong. Advances in electric logging, the replacement of nitroglycerine with hydrofrac completion technologies, waterflooding, 2D and then 3D seismic, sequence stratigraphy, CO2 flooding, bit technologies, horizontal drilling, and others, have all contributed to the continued...
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