Rising production and lower costs from drilling into multiple layers of oil and gas-laden rock have driven a land rush in the Permian Basin this year.
Rising production and lower costs from drilling into multiple layers of oil and gas-laden rock have driven a land rush in the Permian Basin this year. Courtney Sacco AP
Rising production and lower costs from drilling into multiple layers of oil and gas-laden rock have driven a land rush in the Permian Basin this year. Courtney Sacco AP

Denver driller joins Permian Basin land rush with $1.6 billion deal

October 18, 2016 03:49 PM

UPDATED October 18, 2016 04:15 PM

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