Oil and Gas Investor’s Top 5 Most Intriguing Deals of 2021

These deals were giant, unexpected or perhaps just haven’t received the attention to deserve. Here are five of the more intriguing U.S. E&P deals of 2021 and what they could mean (or not) for 2022. 

Illustration by Robert D. Avila.

[Editor's note: A version of this story appears in the March 2022 issue of Oil and Gas Investor magazine.]

These deals were giant, unexpected or perhaps just haven’t received the attention to deserve. Here are five of the more intriguing U.S. E&P deals of 2021 and what they could mean (or not) for 2022. 

1. One Permian to rule them all

Pioneer Natural Resources Co. CEO Scott Sheffield has been forging the One Ring for some time, first with his acquisition of Parsley Energy in 2021, then the acquisition of DoublePoint Energy, which created further synergies.

What’s to like: The Permian powerhouse added muscle to its muscle in the Midland Basin and generated $1.1 billion in free cash flow in third-quarter 2021. The company has also liquidated its remaining hedges.

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Darren Barbee

Darren Barbee is senior editor for Oil and Gas Investor magazine.