The 'great land grab,' a hallmark of the early onshore unconventional renaissance, is making a big-time comeback in the Permian Basin, even with commodity prices still low. The massive formation that straddles West Texas and southeastern New Mexico led acquisition activity in the first half of this year (see Daily GPI, Aug. 11). By any measure, the basin is in high gear to lead in the last six months - and at sharply rising prices. Most of the buying is for leasehold in two sub-basins, the Delaware and the Midland, but the Central Basin Platform (CBP) also is seeing action.
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