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Permian’s growth spurt at risk of being stunted by oil collapse

October 15, 2020 by

The Permian’s better productivity means output isn’t dropping, just slowing down, if oil averages $50 a barrel and halting growth at $40, Rystad said. IHS Markit and RS Energy, agree that modest growth is likely at current prices because companies in the Permian have dropped their well costs so much over the last four years through productivity improvements.

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