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An oil derrick at a fracking site for extracting oil outside of Williston, N.D., on the Bakken oil formation. North Dakota and Texas are key states when it comes to surging oil production, which is crucial for the United States to wean itself off oil imports.
An oil derrick at a fracking site for extracting oil outside of Williston, N.D., on the Bakken oil formation. North Dakota and Texas are key states when it comes to surging oil production, which is crucial for the United States to wean itself off oil imports.
(Shannon Stapleton/Reuters)

Private equity takes starring role in oil patch

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Private equity’s role in financing the oil patch has never been larger than it is now and it’s expected to keep growing even as public markets recover from a year-long slowdown.