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PS - Permian operators slash 2020 plans as oil market craters - March 18, 2020



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The economic implications of the novel coronavirus and the oil price war initiated between Saudi Arabia and Russia have sent oil markets on a downward spiral. WTI settled at $20.37/bbl on March 18, dropping 24% on the day and 56% in the last two weeks. Shale operators across the US have acted swiftly to adjust 2020 plans and protect balance sheets. In the Permian, everyone is cutting back. Parsley Energy revised its baseline capex......
 
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