(This commentary first appeared in the the 2 September edition of Upstream newspaper.)
The rig count is going up, share prices are rising and land prices increasing.
The global price of Brent crude might be stubbornly locked below $50 per barrel, but the Permian is ablaze with confidence.
So is this the beginning of a rebound for the wider oil industry, or just a local and isolated phenomenon?
Certainly excitement has accelerated in recent days with private equity group Blackstone Energy Partners investing $1.5
