Only a fraction of the oil in Permian Basin is still a high yield

Fuel Fix:
Permian Basin could yield 70 billion oil barrels in coming decades, IHS says

...
... those 75,000 square miles in Texas and New Mexico could hold more crude in so-called recoverable resources – the amount that can be extracted with modern technology – than Kuwait and Argentina combined. And that's if U.S. shale drillers can only extract between 4 percent and 6 percent of the crude stuck in 52 different rock formations – a typical figure for such plays.
...
The yields could go much higher if the price of oil gets back to $70 a barrel.

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