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Dec. 1—The rig count in the Permian Basin was up three this week, the latest count Friday by Baker Hughes shows, with 314 rigs active in the region. A year ago, 350 rigs were active in the region.
Jan. 19—The rig count in the Permian Basin was down two this week, the latest count Friday by Baker Hughes shows, with 307 rigs active in the region. A year ago, 354 rigs were active in the region.
Mar. 29—The rig count in the Permian Basin was up one this week, the latest count Thursday by Baker Hughes shows, with 316 rigs active in the region. A year ago, 352 rigs were active in the region.
May 17—The rig count in the Permian Basin was down two this week, the latest count Friday by Baker Hughes shows, with 312 rigs active in the region. A year ago, 349 rigs were active in the region.
In 1966, the production of the Permian Basin measured 600 million barrels of oil, along with 2.3 trillion cubic ft of gas, which totaled $2 billion. The production values steadily increased thanks to the installation of gas pipelines and oil refineries in the area, reaching a total production of over 14.9 billion barrels in 1993.
The productive area of the oil field covers approximately 26,400 acres (107 km 2), or over 41 square miles (110 km 2), in a roughly circular area in far eastern Pecos County, south, southwest and west of the town of Iraan. Texas State Highway 349 borders the field on the east, and U.S. Highway 190/193 borders the field on the north, passing ...
The Deepwater Horizon oil spill began on April 20, 2010 when an explosion struck the rig, it occurred in the Gulf of Mexico on the BP-operated Macondo Prospect.Killing eleven people, it is considered the largest marine oil spill in the history of the petroleum industry and sources estimated that between 134–206 million barrels of oil was released into the gulf.
Nov. 24—The rig count in the Permian Basin was unchanged this week, the latest count Friday by Baker Hughes shows, with 311 rigs active in the region. A year ago, 352 rigs were active in the region.