
Real estate prices and rig counts exhibit similar patterns when looking through historical data in the Permian basin in Texas. We graphed Baker Hughes rig count data against Zillow home price data in Midland County to show this relationship.

Real estate prices and rig counts exhibit similar patterns when looking through historical data in the Permian basin in Texas. We graphed Baker Hughes rig count data against Zillow home price data in Midland County to show this relationship.