After Record Year, Permian Basin Set for Even More M&A in 2024

The big have grown bigger and Tier 1 acreage is even pricier in America’s hottest oil basin.

Big Oil Enters 2024 Strengthened by Shale M&A

Following M&A in 2023, four companies are now positioned to control about 58% of future production in the Permian Basin.

Fury Road: Will $450MM Battalion M&A Fuel More Go-private Deals?

Delaware Basin E&P Battalion Oil is being acquired in a go-private transaction by a newly formed E&P Fury Resources. Could go-private sales become more common for small E&Ps with limited runway in the public markets?

Feds Dig Deeper into Chevron-Hess Merger Amid Oil, Gas M&A

Megadeals between Chevron and Hess and Exxon and Pioneer Natural Resources are under intensified scrutiny but the oil and gas firms say they will cooperate in the U.S. Federal Trade Commission’s “second request” for information.

Exclusive: Exxon, Pioneer Expect Tough Federal Scrutiny of $60B Deal

Exxon reported more scrutiny from the FTC on Dec. 6, while Pioneer Natural Resources’ incoming CEO Rich Dealy told Hart Energy both firms will be transparent with the inquiry.

The Permian’s Next M&A Hotspot May be the Delaware [WATCH]

After nine months of Permian Basin M&A ranging from private buyouts to major mergers, Wood Mackenzie’s Ryan Duman discusses what’s next for dealmakers in the basin.

WoodMac: Top-tier Permian Inventory Scarce, ‘Extremely Expensive’

E&Ps large and small are scouring the Permian Basin to buy up top-quality drilling locations. But they’ll have to pay a hefty premium to get longer in America’s hottest oil play, according to WoodMac research.

Commentary: Addition by Subtraction and Other Fuzzy Math Problems

Exxon Mobil’s acquisition of Pioneer Natural Resources diminishes—at least, temporarily—the swagger of U.S. independents.

Analysts: Exxon-Pioneer Deal Could Usher in Shale M&A Flurry

Exxon Mobil scooping up Permian Basin giant Pioneer Natural Resources in a $60 billion deal could spur other megadeals across the U.S. oil patch, experts say.

CCS Midstream Chatter Grows After Exxon Mobil Megadeal

After Exxon Mobil’s deal to buy Denbury, CCS sequesterers and transporters appear to be “leading the dance” in driving carbon capture and sequestration projects, midstream operators and legal experts say.