February 9, 2021

Big Oil's Huge Losses Raise Prospect of Mega Mergers

Mergers and acquisitions will accelerate, particularly in the Permian shale fields of Texas and New Mexico, Lee Maginniss tells Financial Times and explains the reasons behind it.

“Companies with large inventory of non-federal drillable locations have just gotten more attractive,” said Maginniss. He expects at least another big deal or two in the Permian this year, as the big US independent producers consolidate.

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