Permian Basin

Americas

Lilis Energy moves to Houston, grows in Permian

Lilis Energy moved its headquarters from San Antonio to Houston this month as the oil producer aims for stability under a new chief executive and growth in West Texas' booming Permian Basin.

Americas

Texas-sized gas conundrum emerges in America’s busiest oil field

A pipeline shortage that’s leaving gas trapped in West Texas’ Permian Basin means prices for the fuel there are the lowest of any major U.S. hub, wresting that distinction from Appalachia’s Marcellus Shale. Prices for Permian gas, produced alongside oil in the play, have tumbled 30 percent from a year ago, while output rose to a record.