04.07.2016 - By Inside Energy
In every downturn, there are survivors who position themselves for recovery. The price of crude oil is down by more than 70 percent since the summer of 2014. And oil and gas companies once flush with cash have cut exploration...and decommissioned up to two thirds (2/3rds) of their rigs. are out of job. For Inside Energy, Lorne Matalon of Marfa Public Radio reports on strategies for recovery from the Permian Basin of Texas, the nation's largest-producing oilfield.