Permian Basin Innovations Fuel Hope For Energy Independence

President Donald Trump’s energy independence promise could depend on Permian Basin drilling.

Despite 10% of the world’s oil supply being reportedly trapped behind the Strait of Hormuz, energy industry insiders report expansions to U.S. oil production. The Permian Basin region hosts some of the largest oil and gas deposits in the world.

The U.S. Department of Energy did not immediately respond to the Daily Caller News Foundation’s request for comment.

“American operators have continued to invest in the Permian Basin and we have seen in the last year alone, a million barrel increase in production despite low prices and price volatility. It is often said that the next Permian Basin is the Permian Basin and our members believe that to be true,” a Permian Basin Petroleum Association (PBPA) spokesperson told the DCNF. “The geology in the Permian Basin of Southeast New Mexico and West Texas is unmatched. Together the region is the largest producer of oil and gas in the free world, accounting for a record 6.6 million barrels of oil per day.”

The spokesperson also told the DCNF that the association appreciates the National Energy Dominance Council and the administration for developing a closer working relationship with operators in the region.

“Our members would like to continue to see these efforts yield durable and defensible fruit in areas like streamlining federal environmental permitting and reform of existing rules to end the weaponization of the endangered species act,” the spokesperson said. “We also support investments from existing Department of Energy funds to more rapidly deploy water treatment technologies to further the beneficial reuse efforts occurring in the Permian Basin.”