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Wall Street has been slashing their valuations of top Permian Basin operators despite the region’s attractiveness. Could the blockbuster Occidental-Anadarko deal change that?
Executives and analysts at KPMG’s Global Energy Conference said the traditional oil and gas industry has evolved and its pace of transition has accelerated as companies using a mix of various sources.
The parties must now renegotiate a deal that would transfer Breitburn's Permian reserves to investors including Elliott and WL Ross through their participation in a $775 million rights offering.