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End Is Near for ‘Frack Holiday’ While Permian Readies 2019 Boom

  • Operators are moving rigs back to Texas, increasing drilling
  • Midland-WTI price differentials have narrowed substantially
Bloomberg business news
Turbulent Waters Ahead for Permian Basin, Barclays Analyst Says
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The oil fields of West Texas don’t sit still for long.

Take Carrizo Oil & Gas Inc.’s operations, for instance. Just three months after moving drill rigs out of the Permian Basin because of pipeline shortages, the Houston-based explorer is already talking about bringing them back in the middle of next year.