Permian Ripe For Mergers As Big Oil Aims For Prime Assets

By Keith Goldberg (April 15, 2019, 8:44 PM EDT) -- Chevron Corp.'s recent $33 billion acquisition of Anadarko Petroleum Corp. — motivated by Anadarko's large portfolio of Permian Basin drilling properties — has deal-makers bracing for a consolidation wave to hit the oil-rich region, with fossil fuel giants expected to scoop up more cash-tight independent producers struggling to develop their acreage.

In agreeing Friday to buy Anadarko, Chevron is adding 600,000 acres in the Permian's Delaware Basin to the 2.2 million Permian acres it already controls. Chevron, ExxonMobil and Royal Dutch Shell said earlier this year that they would make big pushes to boost their Permian production, meaning Big Oil's spending...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!