The Permian Can’t Scale If No One’s Left to Work It

The U.S. shale industry faces a structural shift in production and productivity while it has been grappling with a shortage of skilled workforce for years. Booming U.S. oil production may be nearing its peak, according to industry executives and forecasters, and it isn’t just because oil prices are dangerously close to breakevens. The perennial talent crunch is weighing on the US oil sector. Rising labor costs and a shrinking talent pool add to the concerns in the industry that is strongly supported by the Trump Administration to “drill,…