Help us end the fiscal year strong. Donate by June 30. Give Now

Permian Basin oil find cheers U.S. drillers

Scott Tong Mar 7, 2017
HTML EMBED:
COPY

Permian Basin oil find cheers U.S. drillers

Scott Tong Mar 7, 2017
HTML EMBED:
COPY

Oil drilling and fracking are back in America — that’s the storyline out of the big annual oil industry confab in Houston this week. Crude oil prices have recovered from a two-year bust. The rigs are getting back to work. But a new location is the talk of the day. No, not Alberta, Canada, or North Dakota, but West Texas. That’s where a formation known as the Permian Basin has resurrected itself — again.

Click the audio player above to hear the full story. 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.