As oil price crisis grips the globe, small Texas producers feel the ripple effects

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As oil price crisis grips the globe, small Texas producers feel the ripple effects

Thu, 04/09/2020 - 14:03
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For decades in the tiny Texas Panhandle town of Perryton, John Bozeman has bought oil and gas wells from companies and says he operated them for a lower cost and with better efficiency. “And I produce the wells until they’re no longer capable of producing,” Bozeman said, “and then I plug them up.” Recently, he’s been forced to plug some up even before they’ve produced all the oil they can. The…

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