On an idyllic California day last October, the nation’s second-largest energy major made a game-changing acquisition. In a stunning announcement less than two weeks after Exxon’s $59.3 billion merger with Pioneer Natural Resources, Chevron inked a $53 billion, love-you-bye deal with Hess Corporation....
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Fresh from the ongoing madness of merger mania comes yet another acquisition. This one, with a twist on the side and a hush-up to that scene-stealing Permian. Well, maybe. ...
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If you’re feeling especially unlucky today, it’s best to avoid any one of Earth’s five oceans lest a chunk of a dead satellite now in freefall makes touchdown on your noggin. But if you’re one of the nation’s largest midstreamers eyeing a sizeable acquisition that ticks all the boxes on growth strategy, you just might be in luck. ...
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While the window may be closing on more gazillion-dollar deals to be had in the Permian, save for Exxon breathing dragon fire on Oxy with a Mewbourne Oil and Gas chaser, the next wave of land grabs could soon emerge from the noncore assets inherited with those mergers....
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Amid the frenzy of megadeals last fall when Permian players went big-game hunting for more acreage, production, and reserves, two Boy Wonders found their company at the center of speculation....
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