Wednesday, 7 November 2018

End Is Near for ‘Frack Holiday’ While Permian Readies 2019 Boom - Bloomberg

End Is Near for ‘Frack Holiday’ While Permian Readies 2019 Boom - Bloomberg:

The oil fields of West Texas don’t sit still for long.

Take Carrizo Oil & Gas Inc.’s operations, for instance. Just three months after moving drill rigs out of the Permian Basin because of pipeline shortages, the Houston-based explorer is already talking about bringing them back in the middle of next year.

That’s one of several signs the end may be near for a self-imposed slowdown executives call a “frack holiday.”

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