Tuesday, August 9, 2016

Permian Still Loved

The Permian Basin remains a favorite for investors and energy companies. The Permian is in West Texas and loops into southeast New Mexico, Lea County in particular. This comment is from the Wall Street Journal, Saturday/Sunday, August 6-7, 2016 issue, page B1.
"'We don't see a world in which you can balance the supply equation without the Permian,' said Brian Bradshaw, co-chief investment officer at a hedge-fund firm founded by famed oil man, T. Boone Pickens."
The comment was in a story about Parsley Energy, Inc., of Austin and its founder Bryan Sheffield, becoming a billionaire at age 38.

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