❌

Normal view

Texas Gas Drillers Shut Out of Oil Price Rally Turn to Shutting Off Wells

8 June 2026 at 14:19
Two extremes are currently playing out in the Permian Basin. Drillers are reaping the benefits of a historic price rally due to the Iran war. But when it comes to natural gas, they’re having to pay customers to take it away.

Liberty Lift Solutions LLC pumpjacks near Crane, Texas, US, on Saturday, March 15, 2025. The Permian Basin, a sprawling shale patch that lies beneath Texas and New Mexico, is North America's most prolific shale patch.
❌
Subscriptions