Throughout 2016, deals in the Permian Basin seemed to one-up themselves, driving prices ever higher—with Diamondback Energy putting a $2.4 billion exclamation mark on the Delaware in mid-December. Hart Energy spoke with Keith Buchanan, an investment banker with KeyBanc Capital Markets, and David Howard, an analyst with RS Energy Group, about what awaits deal-makers next year.
Egypt expects investments of at least $750 million to $800 million in the first stage of exploration in the 12 concessions, Petroleum Minister Tarek El Molla said during a press conference.
Fortuna Resources CEO says company is doing just fine getting oil out.
The drilling campaign is estimated to cost about US$1.2 billion.