M&A Boom Sees Permian Oil Deals Surpass $100 Billion in 2023 ...Middle East

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M&A Boom Sees Permian Oil Deals Surpass $100 Billion in 2023
The Permian basin saw a surge in mergers and acquisitions this year, with the total value already exceeding a record $100 billion, led by the mega deals announced by ExxonMobil and Chevron, energy consultancy Wood Mackenzie said on Tuesday.   The Permian, the top oil-producing basin in the United States, saw a return of M&A activity this year as large operators look to add more acreage and expand their reserves and production. The latter part of 2023 saw major deals announced, including $50-billion-plus deals for each of Exxon and…

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