Halliburton CEO Jeff Miller sat down with Jessica Morales at Hart Energy's recent Executive Oil Conference in Midland, Texas. The CEO discussed hydraulic fracturing over the years, R&D efforts and his thoughts on refracks.
Devon Energy had been actively shopping the Permian Basin assets, and others in the Rockies, the past several months.
The Alta Mesa transaction represents the sixth acquisition by partnerships between Tom Ward-led Mach Resources and private equity firm Bayou City Energy Management.
Years of M&A since the last downturn have produced suboptimal returns, which may lead oil and gas majors to focus on asset-level deals.