Related Articles
Report
Forward article link
Share PDF with colleagues

Loosening the purse strings in the Permian

The Permian and pipelines are hotspots as transactions picks up

The oil industry's animal spirits are rousing again as the shock of the worst downturn in a generation fades. For proof, look to the Permian shale where deal making is surging as companies look to carve out their slice of the hottest oilfield on the planet. So far this year around 100 deals worth more than $14bn have been done in the Permian, far more than in any other region. More are likely. The biggest came in early September when EOG Resources spent $2.5bn to buy Yates Petroleum, which drilled its first Permian well in 1924 and had a highly sought after portfolio of prospects. EOG was especially keen on Yates's 186,000 acres in the emerging Delaware section of the West Texas play, which

Also in this section
Saudi Arabia pushes ahead with IPO
22 March 2017
The state firm is making the right noises about its privatisation, but the clock is ticking and market fundamentals could still shift
An M&A lifeline in the North Sea
15 March 2017
Assets that cut tax bills could be a blessing for UKCS operators looking for a bargain
Depth, breadth and data
15 March 2017
Fresh from the merger with Baker Hughes, GE Oil & Gas boss tells Petroleum Economist about his firm's plans for digital analysis, cost-cutting and recovery