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Has Permian Peaked? Wall Street Worries About Its Sure Thing | Alga Processing
Crude Oil: $49.68 barrel, Natural gas: 2.887/MMBtu, Gold:$1283.20 per troy oz News: Investors are getting nervous about the Permian. The problem? Too much natural gas. The west Texas oilfield is the epicenter of U.S. drilling activity and is expected to drive the country’s growth in oil production in the coming years. Investors have grown accustomed to …