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.

SPAC Attack: Clean Energy, Oil & Gas Cashed In on Pandemic-Era Frenzy

The pandemic’s wild SPAC boom helped launch several new public companies in the energy space. But federal intervention and souring investor appetites brought the historic boom back down to earth.

Are Non-Ops the New Alternative Financing for M&A?

Earthstone Energy CEO Robert Anderson talks about teaming up with non-op Northern Oil & Gas to buy Permian Basin operator Novo Oil & Gas—a deal he expects to close next week.

Analysts: Patterson-UTI M&A May Continue After NexTier, Ulterra Deals

Patterson-UTI’s cash-and-stock acquisition of Ulterra Drilling Technologies enhances PTEN’s position in the drilling and completions market. After the recent merger announcement with NexTier, analysts wonder if PTEN might pursue more M&A.

Paisie: Global, Domestic Uncertainty Weigh on Oil Prices

“Without a supply shock, we do not expect oil prices will break through $100 this year,” says industry analyst John Paisie.

Pearl Energy Investments Raises $705 Million Fund to Target Permian

Pearl Energy Managing Partner Bill Quinn told Hart Energy the fund is backing three management teams, with two focused on the Permian and a third with a heavy emphasis on Saskatchewan, Canada.

Pioneer’s Rich Dealy on M&A and the End of ‘Free Money’

“I think that these higher [interest] rates are going to lead to more equity [deals] from the smaller companies,” the Pioneer Natural Resources president and COO Rich Dealy said in an exclusive interview.