A large part of soaring output by the key Permian players over the past year has come via acquisitions rather than organic growth (MEES, 27 August).
As such a key theme of recent Q2 earnings calls was whether the basin’s key players are in the market for more consolidation, in particular Shell’s ‘for sale’ 193,000 boe/d of Permian (Delaware basin) assets (MEES, 18 June) to which Devon Energy and ConocoPhillips have been linked. (CONTINUED - 381 WORDS)
