Despite the significance of the exit of global supermajor Royal Dutch Shell Plc from the Permian Basin last week, the blockbuster transaction was not the only notable deal announced recently in the basin.

On Sept. 19, Laredo Petroleum Inc. announced the acquisition of western Glasscock County, Texas, acreage from Pioneer Natural Resources Co. in a cash-and-stock transaction that analysts say will add much-needed inventory to the small-cap Permian producer’s portfolio at an attractive valuation.

“This is a solid deal which expands its inventory just under its target of 7-8 years; narrowing the inventory gap between its small-cap peers,” Gabriele Sorbara, equity research analyst with Siebert Williams Shank & Co. LLC, wrote in a note.

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