U.S. oil output in the Permian Basin is expected to slow in 2025, as industry leaders focus on profitability rather than aggressive expansion.
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Permian Basin
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U.S. oil and gas M&A activity hit $105 billion in 2024, driven by natural gas demand and refracking opportunities as acquisition targets shrink.
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APA Corp is exploring a $1 billion sale of its Permian Basin assets to streamline operations and reduce debt, aligning with its strategic focus on shale production.
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The US oil industry is set to witness one of its biggest mergers in history, as Diamondback Energy Inc. and Endeavor Energy Resources are in final discussions to create a …
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Exxon Mobil Corp. is close to sealing a deal to buy Pioneer Natural Resources Co., a leading shale oil producer, in what could be the biggest takeover of 2023, according …