Analysis

Permian Basin A Hot Spot For Deals Despite Low Oil Prices

Law360, New York (October 28, 2016, 5:19 PM EDT) -- A recent flurry of big-ticket upstream oil and gas deals concentrated in the Permian Basin of West Texas demonstrates the region's ability to be a moneymaker for drillers and a low-risk investment target for their financiers even with oil prices remaining stubbornly low, experts say.

This month alone, oil company RSP Permian Inc. ponied up $2.4 billion in cash and stock for private equity-backed Silver Hill Energy Partners LLC and Silver Hill E&P II LLC, gaining access to 41,000 net acres in the Delaware Basin, in the western portion of the Permian. Meanwhile, SM Energy Co. agreed to shell out $1.6...

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!

TRY LAW360 FREE FOR SEVEN DAYS