Liam Denning, Columnist

The Other Permian Shale Boom

The surge, a byproduct of a recovery in oil production, weighs on prices.

March 30, 2017 at 11:30 AM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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It may not look like it, but the Permian Basin in West Texas is a magical place. At least, it is if you produce oil for a living.

The real magic, though, concerns natural gas. Permian production is surging despite the fact no one is actually drilling for it: