Capital spending in the Permian Basin is set to shoot up 400% over the next five years to $40 billion by 2021, as operators raise more rigs and expand development, a Texas industry group said Thursday.
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TXOGA, Denton, TX, Drop Fracking Ban Litigation
The Texas Oil & Gas Association (TXOGA) and Denton, TX, have agreed to drop litigation related to the city’s now-repealed ban on hydraulic fracturing (fracking) and an expired moratorium on new drilling.
September 11, 2015