As ongoing threats to oil tankers in the Strait of Hormuz drive petroleum prices to near-record highs, energy companies in West Texas are enjoying one windfall—and hoping to take advantage of another. Oil that just six months ago sold for $60 a barrel now goes for nearly $100, and producers are pumping at record levels. But when that black gold is pulled from the ground in the Permian Basin, a mix of gases bubbles up alongside it.