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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]
In the Permian geologic period, North-Central Texas was a part of the western coastal zone of equatorial Pangea, a super-continental land mass. [1] Nearby uplifts and mountainous regions, such as the Muenster Arch and Red River Uplift, the Wichita, Arbuckle, and Ouachita mountains developed by the end of the Pennsylvanian, [2] providing elevated topography to the north and east during the Permian.
Big Lake is a small rural ... Benedum had established the Big Lake oil field as the first major oil field in the Permian Basin. In 1926, this field had 74 wells ...
It's easy to forget about the Permian Basin, Texas' stalwart oil play for so long, when production is booming in new plays such as the Bakken and the Eagle Ford. In this video, Fool contributor ...
Permian rocks are the best-known of the Texas Paleozoic. They are widespread in north Texas, where their characteristic red beds are spectacularly exposed in Palo Duro Canyon. The strata are also oil-rich where buried in west Texas, such as in the Midland and Odessa region. This crude oil-rich area is known as the Permian Basin.
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 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.
Richardson interpreted the Guadalupe Mountains as an east-dipping monocline with a fault on the steep western boundary, and believed El Capitan itself was a product of erosion. [ 5 ] [ 6 ] Interest in the formation was rekindled by the discovery in May 1923 of the Big Lake oil field in Texas and the drilling of the first commercial oil well in ...