CNNMoney | Big Oil is racing to pump all the oil out of Texas CNNMoney The Permian boasts unique geology that allows oil companies to drill more than one layer of the earth at the same time. Wells can be profitable below $40 a barrel. That's well below today's price of about $65 a barrel. And some executives believe the ... Diamondback to Acquire Energen as Oil Patch Consolidation Continues |