Oil & Gas Production Leads to Economic Bonanza in Permian Basin

Attachment: Permian Basin Production, Permian Basin Rig Count, Horizontal Rig Count, West Texas Energy Consortium

SUGAR LAND--August 13, 2014--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Crude-oil production in the Permian Basin has increased 33% since year-end 2013, which could make a 10-county swath of the basin a lot richer, a lot sooner than originally predicted.

Within this article: Information on crude oil production forecasts for the Permian Basin, including oil prices and details on the Spraberry, Wolfcamp and Bone Spring formations.

Other companies featured: Baker Hughes Incorporated (NYSE:BHI)

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Oil & Gas Production Leads to Economic Bonanza in Permian Basin