The Permian Basin has proven itself to be a hot spot for oil and gas in the United States. It is reported that there has been a recent burst of oil and gas deals concentrated in West Texas’ Permian Basin. This has occurred despite the downturn, and now slowly rising, prices in oil per barrel. The newly stricken deals have really emphasized how the Permian Basin is a top-shelf basin. Experts say that not only is the Permian Basin’s drilling costs among the cheapest in the United States, the layers of shale drilling areas go significantly deeper underground than in other regions. With that being said, drillers have put into operation, several additional drilling rigs. As of today’s date, there are more than 265 drilling rigs in the Permian Basin, accounting for more than 50% of the country’s active drilling rigs.
Mr. Agosto is a partner at Abraham, Watkins, Nichols, Agosto, Aziz & Stogner in Houston, Texas. For over 65 years, Abraham Watkins has successfully represented injured people and families who fall victim to catastrophes. Our attorneys have the knowledge, experience and resources necessary to obtain just compensation their clients. If you have been injured in a workplace accident, please contact the office of Benny Agosto, Jr. at Abraham, Watkins, Nichols, Agosto, Aziz & Stogner, by letter at 800 Commerce Street, Houston, Texas 77002, or by phone at (713) 222-7211.