The tie-up between Diamondback Energy and Endeavor Energy two of the Permian’s top oil producers is expected to create a new “super-independent” E&P with a market value north of $50 billion.
U.S. oil production reached record levels to close out 2023. But the future of U.S. output hinges on E&P capital discipline and well-productivity trends in the Permian Basin, according to McKinsey & Co.
A quest for sources of lithium comes as the lucrative element is expected to play a part in global efforts to lower emissions, but in many areas the economics are challenging.