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The Permian Basin in Texas and New Mexico will soon become the third-biggest oil producing region in the world: IHS Markit

“Today, the Permian basin in Texas and New Mexico is the nation’s biggest shale oil producing region” writes Tom Dichristopher for cnbc.com. If the IHS Markit forecast pans out, the Permian would also leapfrog today’s output from Canada, China and Iraq.Making the IHS Markit forecast a reality will be expensive.
 
Source: cnbc.com



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