Those include the blockbuster deals such as Exxon Mobil's $60-billion proposed deal for Pioneer Natural Resources PXD.N and Chevron's $53-billion agreement for Hess. Other deals include Permian Resources' $4.5 billion bid for Earthstone Energy and Ovintiv's $4.3 billion splurge on three Permian Basin acquisitions.
The deals include blockbusters such as Exxon Mobil’s $60-billion proposed deal for Pioneer Natural Resources and Chevron’s $53-billion agreement for Hess
The value of U.S. oil and gas mergers
and acquisitions in the Permian basin this year has reached a
record of more than $100 billion after several multi-billion
dollar deals, consultancy Wood.
PDT Partners LLC acquired a new stake in shares of Earthstone Energy, Inc. (NYSE:ESTE – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 136,947 shares of the oil and gas producer’s stock, valued at approximately $1,957,000. Other hedge funds […]