Insight: Shale rigs idle, layoffs rise as $60 oil tests resilience of Permian

Core Insights - The U.S. shale industry, particularly in Texas, is experiencing an increase in oil production, indicating a positive trend in the sector [1] Industry Summary - Oil production in Texas is climbing, reflecting growth in the U.S. shale industry [1] - Despite the increase in production, local businesses, such as tool and safety equipment stores, may not be feeling the benefits directly [1]