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Permian Basin to become world’s largest oil patch category
April 25, 2018
Source: World Oil

Permian Basin to become world’s largest oil patch

The Permian shale play is all set to become the world’s largest oil patch over the next decade. According to the Energy Information Administration, output in the basin is forecast to reach 3.18 MMbpd in May.The oil reserve size with enhanced technology and efficiency are fueling the rampant growth.

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