Alrighty Petroleum People! This is the second episode of a new series that will expand on topics covered in the book “Bits, Bytes, and Barrels” with author Geoffrey Cann and
This week, two major U.S. shale acquisitions were officially announced when ConocoPhillips announced their acquisition of Concho Resources and Pioneer Natural Resources announced their agreement to acquire Parsley Energy. The Pioneer all-stock transaction valued at $4.5 Billion (inclusive of Parsley’s debt increases the value to $7.6 Billion) is significantly less than the all-stock transaction of the ConocoPhillips deal valued at $9.7 Billion (inclusive of Concho’s debt increases the value to $13.3 Billion) but is significant nonetheless. Major moves in the U.S. oil and gas sector indicate that consolidation is the future.
In this week’s episode of the Periodical Podcast, your hosts Kevin and Tavis reveal that falling oil prices and a surge in green energy policies have breathed new life into