Permian Basin leads country in horizontal drilling
ALBUQUERQUE, N.M. (AP) — New numbers show the Permian Basin continues to lead the country’s boom in horizontal drilling.
Citing data by Baker-Hughes, the U.S. Energy Information Administration said Thursday the number of horizontal oil rigs in the Permian Basin’s West Texas and southeastern New Mexico fields rose by 63 rigs in the first five months of the year, representing 50 percent of the total increase in the United States.
Of those rigs, 80 percent were in the West Texas counties of Reeves, Ward, Martin and Midland as well as New Mexico’s Eddy County.
During the first quarter of 2014, the increase in horizontal rigs in the Permian Basin was more than four times the combined increase in South Texas’s Eagle Ford Shale and the Williston Basin in North Dakota and Montana.