Shale Patch Making Money, Hiring and Ready to Drill for More
- Average breakeven price for new wells at $52: Dallas Fed
- More than half of oil executives expect to increase workforce
Concho Buys RSP to Expand Permian Basin Portfolio
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An upbeat shale patch, much to OPEC’s dismay, is hiring and ready to drill for more oil as producers are comfortably making a profit.
But you have to be big if you’re competing in America’s prime spots.