US frackers optimistic for 2019 after ExxonMobil pledge to boost Permian Basin oil output

By William Clarke
Published: Tuesday, 05 March 2019

Frac sand demand in the Permian Basin is set to rise after ExxonMobil announced plans to increase oil output in the region.

The Permian Basin is the largest oil basin in the United States, and the heartland of fracking. However, activity there has been hampered by high costs and squeezed capacity.

But the falling cost of extraction and fewer logistics constraints paint a sunnier picture for fracking companies in the...

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