The Zhitong Finance App learned that the “heart” of the American shale revolution, the Permian Basin, is moving towards a historic turning point. According to the latest predictions from Citibank analysts, by the end of this decade, the world's most productive shale oil production area will also become the largest natural gas production base in the US, replacing the Marcellus shale area, which has been in the top position since 2012.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.