Permian Basin oil find cheers U.S. drillers
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.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?