Any centenarian expects to be questioned about her longevity, and that’s especially true of the US’ biggest, most prolific oil reservoir. And like human centenarians, the Permian Basin’s long life span comes with a price. Scientists say the giant play, which straddles West Texas and southeast New Mexico and has produced for about 100 years, likely has decades of life left, both economically and geologically. But practically speaking, it all depends on oil prices. Purely at a resource level, the basin’s oil reserves likely amount to a few hundred billion barrels, Robert Trentham, research associate for the Department of Geosciences at the University of Texas Permian […]