Can The Gas Glut Kill The Permian Boom?

The Permian basin continues to add new oil production, but
shale drillers in West Texas could face an unexpected problem: too
much natural gas. Natural gas is produced as a byproduct when
drilling for oil. Oil tends to be more lucrative, so shale
companies typically target oil in places like the Permian, and the
gas is considered an added benefit. However, the Wall Street
Journal reports that shale drillers in the Permian are struggling
with too much gas and not enough places to put it. The gas
pipelines from the West Texas shale fields are at…

The Permian basin continues to add new oil production, but
shale drillers in West Texas could face an unexpected problem: too
much natural gas. Natural gas is produced as a byproduct when
drilling for oil. Oil tends to be more lucrative, so shale
companies typically target oil in places like the Permian, and the
gas is considered an added benefit. However, the Wall Street
Journal reports that shale drillers in the Permian are struggling
with too much gas and not enough places to put it. The gas
pipelines from the West Texas shale fields are at…