Oxy / CrownQuest Have A $12bn Deal – Quick Operational Thoughts

The great Permian E&P consolidation spree continues with another big deal before the New Year.

Long rumored, Oxy finally announced the CrownQuest acquisition today. $12bn. Press release.

Another Public gobbling up a Private, and this time one of the biggest privates in the Permian was the target.

Here are some quick thoughts on OFS implications in the transaction:

There’s a lot more to this story…

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