Hydraulic fracturing and horizontal drilling are helping the field's East Texas portion regain traction.
Hart Energy's Stratas Advisors revised its third-quarter 2014 production forecast for the Permian Basin.
Recently, there have been more conventional asset transactions, partly due to 'consolidation in the Big Three oil plays.'
When energy investors are in 'painful' periods, reports of which long-term commodity prices are being discounted become popular.
Encana Corp. and Breitburn Energy Partners made large transactions in the basin, which hosted $11.2 billion in deals.
'There's just too much oil and its crashing up against lower demand,' said The Wall Street Journal energy reporter Russell Gold.
Meanwhile, construction in non-shale-related industries has fallen.
At the recent DUG Eagle Ford conference, analyses of the play yielded positive results.