A new wave of mergers and acquisitions is coming to the U.S. oil patch, and the most prolific shale basin, the Permian, is set to lead the deal-making activity in the industry. This year could be a turning point for U.S. upstream takeovers as analysts expect activity to pick up following a lackluster M&A scene in the shale patch last year despite the higher oil prices. Record cash flows in the industry and dwindling inventory of prime drilling locations for many smaller producers have set the stage for a new raft of consolidation…
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