As oil recovers, U.S. firms descend on the Permian Basin in West Texas

01 February 2017, Odessa, Texas — In most U.S. shale oil regions, energy firms are making strategic but cautious bets as the price of oil holds above $50 a barrel. Here in the Permian Basin of West Texas, the largest U.S. oil patch, the industry poured more than $28 billion into land acquisitions last year […] More »