Permian basin – BSIC | Bocconi Students Investment Club

Devon and WPX merger: kickstarting a new M&A wave in the Permian Basin

Download PDF Devon Energy Corporation (DVN:NYSE) – market cap as of 9/10/2020: €3.9bn WPX Energy Inc. (WPX:NYSE) – market cap as of 9/10/2020: €3.0bn Introduction Following months of global lockdown and a fierce oil price war hitting highly indebted American oil producers, a new wave of consolidation in the Read more…

By BSIC, 5 years11 October 2020 ago

Consolidations amid the Oil slump: Cimarex acquires Resolute

Cimarex Energy Co [NYSE: XEC] – Market Cap as of 01/12/2018 $7.84bn Resolute Energy [NYSE: REN] – Market Cap as of 01/12/2018 $823.7m Introduction On November 19th 2018, Cimarex Energy announced that the company was planning to increase its acreage by 34% with precious shale-rich Permian Basin land through the Read more…

By BSIC, 7 years2 December 2018 ago