​ExxonMobil s acquisition of Pioneer Natural Resources, a shale oil biggie in the Permian Basin, for $59.5 billion. Microsoft s acquisition of gaming giant Activision Blizzard for $68.7 billion, giving the tech giant access to an additional raft of popular games for its Xbox player. The merger in the oil and gas space makes it clear that some energy majors do not expect oil and gas to go quietly into the night soon. They expect these fuels to remain viable and active long enough for the acquirer to make good on its giant investment. Other oil majors are scouting around for shale partners to acquire.
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