PE | US Oil’s Merger Mania Won’t End Well For Energy

US Oil’s Merger Mania Won’t End Well For Energy Tyler Durden Wed, 10/28/2020 – 10:06 By Kriti Gupta, commentator for Bloomberg’s Markets Live The long-awaited shale patch consolidation has arrived, sparking another bout of merger mania in the energy industry.It’s reminiscent of the one in the late 1990s, just as the Internet bubble was exploding.But […]

PE | Another Permian Giant May Be Forced To Consolidate Or Die

One by one they are starting to fall.The long predicted consolidation wave in U.S.shale players, particularly those with assets in the Permian stacked play, is in high gear.Just in the last month or so, Chevron, (NYSE:CVX) has taken out Noble Energy, (NYSE:NBL); Devon (NYSE:DVN) swallowed WPX Energy, (NYSE: WPX); ConocoPhillips, (NYSE: COP) snapped up Concho […]