You are here

Texas shale drillers lure US$2 billion in new equity to Permian

Analyst sees "heavy wave" of more new share sales as producers try to avoid piling on additional debt

Chicago

OIL producers in West Texas, defying expectations that they would fall victim to Opec's price war, are instead selling investors on the idea that they can still profit with prices below US$35 a barrel.

Drillers in the Permian Basin, the biggest US shale field, have raised