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Clifford Krauss | ASHARQ AL-AWSAT English Archive 2005 -2017

Media ID: 55364816
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A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin/File Photo

Multibillion-dollar Deals Spark Recovery in U.S. Shale Fields

by Clifford Krauss | Jan 27, 2017 | Business

Houston — Domestic oil production remains in a deep two-year slump, but a rash of multibillion-dollar deals are flashing sparks of recovery in the shale fields of the Permian Basin straddling Texas and New Mexico. Exxon Mobil announced on Tuesday that it was acquiring...

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Middle-east Arab News Opinion | Asharq Al-awsat

Multibillion-dollar Deals Spark Recovery in U.S. Shale Fields

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Middle-east Arab News Opinion | Asharq Al-awsat

Multibillion-dollar Deals Spark Recovery in U.S. Shale Fields

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