The Economic Times

In 1920s, a sedimentary basin in Texas was denounced as a 'graveyard'. 100 years later, it generates $100 billion and 800,000 jobs across America

With over 43% of the nation's oil production and billions of dollars in revenue, the Permian Basin in Texas is currently the largest oil-producing region in the United States. The basin was originally written off as a desolate graveyard, but its amazing metamorphosis shows how technological advancements and tenacious investigation changed its fortunes.