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The Permian Basin comprises several component basins, including the Midland Basin, which is the largest; Delaware Basin, the second largest; and Marfa Basin, the smallest. The Permian Basin covers more than 86,000 square miles (220,000 km 2), [1] and extends across an area approximately 250 miles (400 km) wide and 300 miles (480 km) long. [2]
The Delaware Basin is a geologic depositional and structural basin in West Texas and southern New Mexico, famous for holding large oil fields and for a fossilized reef exposed at the surface. Guadalupe Mountains National Park and Carlsbad Caverns National Park protect part of the basin.
The formation consists of up to 300 feet (91 m) [3] of gypsum or anhydrite with a few thin beds of limestone. [3] [2] The formation is found within the Delaware Basin and was deposited after the formation of the Capitan Formation, the fossil reef defining the margins of the Delaware Basin. [4]
Companies with global influence and interests control more than half the acreage in the Permian Basin. Here is a rundown of the major player’s operations in the Permian including acreage ...
4) The Permian Basin is an investment bonanza According to a research report from Wood Mackenzie, capital spending in the Wolfcamp and Bone Spring plays alone could top $22 billion by 2018.
The Permian Basin is an oil-rich sedimentary basin that stretches across the western part of Texas and southeastern New Mexico. Right now, the basin is one of the busiest oil plays in the U.S ...
The Delaware Basin is a sedimentary basin formed largely during the Permian Period approximately 250 million years ago. It is one of three sub-basins of the Permian Basin in West Texas and Southeastern New Mexico.
The Bone Spring Formation is a geologic formation found in the Delaware Basin in Texas and New Mexico. It preserves fossils dating back to the Leonardian Age of the Permian Period . [ 1 ]