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Exxon puts Permian assets up for sale


Exxon puts Permian assets up for sale

As Bloomberg reported, Exxon wants to sell some conventional oil and gas reserves in the Permian Mountains. The proceeds from the potential sale are expected to be around one billion dollars. In a written response to the publication’s questions, Exxon said the company is “reviewing market interest in select conventional assets in West Texas and […]

M&A activity in the US oil and gas industry increased by 57% in 2023


M&A activity in the US oil and gas industry increased by 57% in 2023

Mergers and acquisitions in the US oil and gas industry rose 57% last year, a report by Ernst & Young. Increased consolidation activity followed record profits and intensified competition for a limited amount of unused resources. According to the report, the value of M&A deals last year was $49.2 billion, up from $31.4 billion the […]