Regina Mayor, U.S. Energy and Natural Resources Sector Leader for KPMG, expects U.S. midstream companies to become more bullish about opportunities in Mexico in 2017 and 2018. While she senses some level of caution among clients, she is also struck by bold moves by several companies to engage with that growing economy.
Devon Energy had been actively shopping the Permian Basin assets, and others in the Rockies, the past several months.
Production from Occidental Petroleum's Permian Basin unit rose 57% to 250,000 boe/d in the fourth quarter, boosted by its investments in the basin.
A big crowd turned out for an afternoon honoring industry leaders representing all facets of the energy sector.