How a ‘Monster’ Texas Oil Field Made the U.S. a Star in the World Market

MIDLAND, Tex. — In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. But one field withstood the onslaught, and even thrived: the Permian Basin, straddling Texas and New Mexico. A combination of technical innovation, aggressive investing and copious layers of oil-rich shale Continue Reading