Crude prices below $80 a barrel may have cooled some of the sizzle from the Permian Basin. Many are asking what exactly caused oil prices to lose about $30 over the last five months, how long prices will stay at these levels and whether or not equity markets will remain open in 2015.
A trio of advisors say the region remains a hot spot.
“The Permian Basin has been through many cycles over the years. oil prices have gone up and down; markets have opened and closed,” said Chris Carter, managing director, Natural Gas Partners, addressing the recent Executive Oil Conference.