U.S. rig count drops, with Permian Basin drilling at its lowest since February 2022, according to Baker Hughes.
The Permian Basin, the premier U.S. shale-oil production region, is rapidly developing into much more complex territory.
Those secondary benches include deeper Wolfcamp zones in the Delaware and Barnett Shale in the Midland Basin. “With total Permian unconventional development, we talk about primary benches ...