Why Wall Street is throwing billions at the Permian

Green Car Congress
By mmillikinAug 31, 2016, 3:30 am58 pts
by Nick Cunningham of Oilprice.com The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. The Permian Basin is one of the last profitable areas to still drill with sub-$50 oil, and as other regions fall by the…

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