Permian Basin is located in West Texas and southeast New Mexico. It is one of the most mature and largest oil-producing basins in North America, with three sub-basins—the Midland and Delaware separated by the Central Basin Platform, and the deeper Val Verde sub-basin to the southwest. The Permian basin includes both conventional and Tight Oil development. The unconventional growth plays include the San Andres, Spraberry, Wolfcamp, Avalon, Bone Spring, and Yeso.
The chart shows full-cycle cost of oil versus remaining resources for Permian horizontal wells.