Has the Permian Peaked? Wall Street Worries About Its Sure Thing

[Yo_Mama_Been_Loggin]

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 companies reliably beating expectations there--producing ever greater amounts of oil and slashing costs.

So they became alarmed when a handful of Permian producers reported more lackluster results last week.

It began when Pioneer Natural Resources Co. reported that its Permian wells are producing more gas and natural gas liquids like propane than expected, raising red flags for investors who care a lot more about oil.

http://www.msn.com/en-us/money/markets/has-the-permian-peaked-wall-street-worries-about-its-sure-thing/ar-AApMjPv?li=BBnbfcN&ocid=edgsp

[Binkie The Clown]

1. The shockingly brief age of fossil fuels