Rich Dealy steps into the Pioneer Natural Resources CEO role as the Permian Basin pure-play integrates operations with Exxon Mobil in a $60 billion merger.
ExxonMobil has made no secret of its intention to grow Permian production, and the rumors that it s discussing a potential takeover of Pioneer Natural Resources make sense
The upstream sector may be ripe for a new round of consolidation within three to five years after a number of large corporate mergers in late 2020 and earlier this year, because many E&P operators remain highly leveraged, a prominent oil company CEO said. Even though oil prices climbed above $70/b this year from the .