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US drilling to climb as supply disruption continues
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US Shale Permian M&A
Charles Waine
8 September 2022
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Permian consolidation defies headwinds

Surging profits and easy access to export markets are accelerating M&A activity, despite growing inflationary pressure

The Permian basin stands out as a bright spot for US shale consolidation, in contrast to the overall slowdown seen in M&A activity in the sector in the first half of the year. The basin continues to lead domestic crude production growth, and E&Ps backed by private equity (PE) have been eager to cash out. The Permian accounted for almost half of US upstream deal value in the second quarter, according to research firm Enverus. And the c.$4bn takeover of Midland-based independent Colgate Energy Partners III was the single-largest transaction and turned fellow indie Centennial Resource Development into the biggest pureplay firm in the Delaware basin. Appetite for Permian acreage also loo

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Also in this section
Shale drillers try to stay patient amid gas price slump
22 March 2023
Producers resist urge to respond too quickly to gas price trends
US drilling to climb as supply disruption continues
22 March 2023
Although spending will decelerate in North America, the 2023 forecast for an 18pc increase follows a near-record 44pc in 2022. US drilling will increase by 8.2pc, with total footage forecast to climb 8.7pc, to 290mn ft³ of hole
Willow approval may be turning point that fails to turn
21 March 2023
Development expected to produce equivalent of up to 40pc of Alaskan daily production but is unlikely to herald a new age of megaprojects
Crude tanker market outlook remains strong
20 March 2023
Ukraine fallout continues to elevate tanker demand while restricting vessel availability

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