Reports of supermajor ExxonMobil holding informal discussions to buy the top pure-shale firm, Pioneer Natural Resources, reignited market talk about the start of the next phase of mergers and acquisitions in the U.S. oil industry. Operators and acreage in the top oil-producing basin, the Permian, are expected to make the biggest waves in a new consolidation stage, analysts say.
This year, the M&A activity in the shale patch could pick up as most oil producers generated record cash flows in 2022 and are looking to grow…M&A Activity In The Permian To Pick Up In 2023
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