![]() Increased access to financing and strong oil demand has created an opening for closely held producers, most of whom are backed by private equity or family money, to ramp up output in West Texas and southeast New Mexico. ![]() And they see little reason to slow things down. Only this time, the surge is being driven by private operators, rather than the publicly traded companies that fueled the previous booms. (PAUL RATJE/Photographer: PAUL RATJE/AFP) Octo| 09:15 am By David Wethe, Kevin Crowley and Sergio Chapaīloomberg - Oil prices above $80 a barrel are once again spurring a revival of shale drilling in America’s biggest oil field, where production is expected to return to pre-pandemic highs within weeks. Pump jacks operate at dusk near Loco Hills. Shale Oil Is Booming Again in the Permian.
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