After the oil market’s crash, U.S. frackers are likely to focus on the nation’s richest oil field at the expense of investment in more-mature regions.
Southwest’s Permian Basin to draw most new investment, while less-profitable fields face longer road to recovery
The U.S. has more than doubled its crude output over the last decade. Much of the growth is due to the Permian Basin of West Texas and New Mexico. WSJ traces the hotspot of North America’s crude oil boom, with a look at challenges that producers in the region face.
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