Permian consolidation wave could continue after Pioneer-Parsley, Conoco-Concho deals

摘要

Houston-A sudden wave of consolidation in the Permian Basin after many months of deal-making silence is expected to continue in spurts in a trend that should expand to other regions such as the Bakken Shale and DJ Basin, energy analysts said. In a series of all-stock deals, ConocoPhillips scooped up Permian pure play Concho Resources for $9.7 billion on Oct. 19 and, one day later, Midland Basin leader Pioneer Natural Resources snagged Parsley Energy for $4.5 billion in a more familial deal. Already, Chevron closed on its $5 billion acquisition of Noble Energy early in October and, last month, Devon Energy agreed to buy WPX Energy for $2.56 billion in a so-called merger of equals.