Hidden Pitfalls Could Hamstring America's Hottest Oilfield
- Rising costs and pipeline bottlenecks may limit Permian return
- Higher number of wells may reduce pressure and production
Shale Revolution: The Big Oil Test
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The world’s hottest oil field, the Permian Basin of West Texas and New Mexico, isn’t without its risks.
Drillers are pumping billions of dollars into the region, plumbing reserves that rival Saudi Arabia’s biggest field. And with production expected to almost double by 2022, the rewards are expected to be vast. But as costs rise and pipeline capacity fails to keep pace with production, the Permian can still pose a challenge.