Daily Archives: June 24, 2011

Sheila McNulty

While oil patches from the Bakken shale to the Eagle Ford have been getting a lot of attention in recent years, the oil industry has been increasingly focusing its attention on one of the oldest and richest oil-producing basins in the country – the Permian Basin. Permian formations have long trapped hydrocarbons in shale and other tight sands and rock in what was formerly the Permian Sea, an area of 110 degree heat desert that stretches 100,000 square miles across West Texas and Southeastern New Mexico.

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FT Energy Source