Comment on Why These Oil Stocks Can’t Wait Until the Second Half of Next Year

Why These Oil Stocks Can’t Wait Until the Second Half of Next Year

Thanks to the high returns drillers can earn on new wells, the Permian Basin has been a hotbed of activity in recent years. Oil production in the Texas basin is on pace to rise from under 2 million barrels per day (BPD) in early 2015 to an estimated 3.8 million BPD by the end of this year.

 

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