Drilling Boom in Hottest U.S. Oil Play Is Bad News for Gas Bulls

By hellenicshippingnews.. A drilling surge in America's hottest oil play may prove to be a pitfall for natural gas bulls. As explorers extract crude from the Permian shale in West Texas, they're also producing gas. A jump in the number of rigs operating in the basin is adding to the so-called fracklog, or the number […]

Published March 15, 2017

By LizOutLoud

By hellenicshippingnews.. A drilling surge in America's hottest oil play may prove to be a pitfall for natural gas bulls. As explorers extract crude from the Permian shale in West Texas, they're also producing gas. A jump in the number of rigs operating in the basin is adding to the so-called fracklog, or the number of drilled ... Read full story ›

Source:: Hellenic shipping news Oil

      

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