Regional report: Permian Basin ///

Even as the release of second-quarter earnings was greeted with oil price futures at a more than six-year low, Permian basin legacy players and newcomers alike, for the most part, say they have no intention of putting the brakes on production, at least in the near term. In fact, while the outlook for overall activity bears no resemblance to the optimism writ large of 2014, “down” or “flat” were not in the general lexicon of quarterly conference calls, when it came to discussing 2015 production guidance for this enduring geological hodgepodge, spreading some 75,000 mi2 across West Texas and southeastern New Mexico. A sampling:

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