The Permian Basin is a large sedimentary basin in the southwestern part of the United States. It is the highest-producing oil field in the US, producing an average of 4.2 million barrels of crude oil per day in 2019. From Wikipedia
ConocoPhillips and Occidental CEOs warn of stalled growth and potential decline in U.S. shale output as prices hover in low $60s, with breakeven economics set at $65 per barrel.
