Landman

The Permian Basin is named after the Permian geologic period, which took place between 299 and 251 million years ago. The basin is named for the period because it contains some of the thickest deposits of rocks from that time.The Permian Basin is a large sedimentary basin in West Texas and southeastern New Mexico. It's known for its rich deposits of petroleum, natural gas, and potassium. The basin's origins can be traced back to Precambrian tectonic events that occurred between 1.3 and 850 million years ago. The Permian Basin is one of the oldest and most well-known hydrocarbon-producing areas in the world. The first well was drilled in the basin in 1920, and since then over 30 billion barrels of crude have been recovered

Referenced in CBS News Sunday Morning: Episode #44.24 (2022)