#unconventional shale

Crude production by basin – monthly estimate and projection to 2027 (millions of barrels per day). The Permian Basin shows clear signs of decline star
New global context

Society of Petroleum Engineers predicts Permian Basin entering new shale phase

Although the basin remains highly productive, operators are placing less emphasis on drilling more wells and more on extracting value efficiently from existing developments. Technologies such as enhanced oil recovery (EOR), horseshoe wells, and artificial intelligence will be crucial to extending the life of this iconic U.S. shale basin.