Deals
The Shale Boom in the Permian Is Slowing Down
- High well-decline rates burning cash as investors stay away
- Smaller producers fight to survive, bigger ones cutting back
A drill rig stands over an oil well in the Permian Basin.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
The promise of the Permian is shrinking.
Producers in the nation’s oil-rich shale basins are dialing back growth plans in the face of a growing panoply of problems that’s killing returns and keeping skeptical investors at bay.