Permian Basin

Permian Basin Exclusives

Upstream M&A Activity Surges By 250% In Record Quarter

BP’s $10.5 billion acquisition of a portion of BHP’s U.S. onshore portfolio highlighted M&A activity in the U.S. during the third quarter, a report by Drillinginfo says.

Shell Bets On Shale For Flexibility In Energy Transition

Head of Shell’s U.S. business, Gretchen Watkins, says oil and gas output from shale reserves will act as ‘balance’ for deepwater projects.

Earthstone Boosts Midland Footprint With $950 Million Sabalo Acquisition

Earthstone Energy agreed to acquire EnCap-backed Sabalo, which is expected to more than double the company’s Midland Basin footprint.

Permian Basin Gross Acreage

CompanyNet Acreage
Occidental2,500,000
Apache1,700,000
Chevron1,500,000
Pioneer Natural Resources680,000
All Top Acreage Holders