US Permian Basin M&A push

摘要

Driven by the potential for profit at current oil prices, operators are “clamouring for more acreage in the Permian Basin and its sub-plays, spending close to US $20 Bn year-to-date in 2016”, says a report by analysts IHS Markit. The spending outlay was for 24 merger and acquisition (M&A) deals larger than $50m in size. The Permian Basin is a sedimentary basin located primarily in western Texas and extends into southeastern New Mexico, USA.