Loosening the purse strings in the Permian
The Permian and pipelines are hotspots as transactions picks up
The oil industry's animal spirits are rousing again as the shock of the worst downturn in a generation fades. For proof, look to the Permian shale where deal making is surging as companies look to carve out their slice of the hottest oilfield on the planet. So far this year around 100 deals worth more than $14bn have been done in the Permian, far more than in any other region. More are likely. The biggest came in early September when EOG Resources spent $2.5bn to buy Yates Petroleum, which drilled its first Permian well in 1924 and had a highly sought after portfolio of prospects. EOG was especially keen on Yates's 186,000 acres in the emerging Delaware section of the West Texas play, which
Also in this section
24 March 2026
It is an unusual story of out with the new and in with the old, as America First Refining shows the US going back to trusted energy security developments
23 March 2026
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
23 March 2026
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
