To be fair, not all shale gas drilling is slowing, but in the Permian Basin, which has seen the most incandescent growth in recent years, according to the Financial Times , growth is slowing markedly, according to Schlumberger , Halliburton and the U.K.’s Weir Group – all majors suppliers to, or active players in, the fracking industry. Source: Financial Times The article cites logistical challenges, including labor costs and a lack of adequate pipeline capacity constraining growth. The article states the following factors have undermined the economics of oil production in the region: – Rising costs for labor and equipment – Difficulties in disposing of the unwanted water and natural gas produced alongside the oil – And, above all, a shortage of pipeline capacity for taking crude from the wilds of west Texas to refineries and export terminals along the Gulf of Mexico coast. The Financial Times quotes Bill […]