Enerclix

About Enerclix

One reason for increased production out west may be higher prices that have been fetched for Permian Basin oil in recent years. The basin is one of the most prolific oil-producing regions in the country, and it has seen a surge in drilling activity in recent years. This has led to higher prices, which have helped offset the cost of drilling.

The Permian Basin is also a significant producer of natural gas, and the growth in oil and gas production is likely to continue. This will create opportunities for companies that provide goods and services to the energy industry, and it will also help create jobs.