Bloomberg Businessweek

Despite cheap crude prices, America’s best oil field, Texas’ Permian Basin, is thriving

Although cheap oil has forced frackers to shut down drilling rigs across large swaths of the U.S. shale patch, from the Bakken fields of North Dakota to the Eagle Ford in South Texas, there’s one region where the profits are still flowing. The Permian Basin, a 75,000-square-mile patch of scrubby desert stretching across West Texas and into New Mexico, has emerged as the most resilient oil

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