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Concho Deal Creates Permian Basin Giant

Matt Zborowski, Technology Writer | 28 March 2018 Journal of Petroleum Technology Concho Resources has agreed to acquire RSP Permian in an all-stock deal valued at $9.5 billion including $1.5 billion in RSP debt. The move is expected to make Concho the Permian Basin’s...

Was This Oil Giant Smart or Just Lucky?

March 7, 2018, 3:01 AM MST Chevron’s long-ignored acreage in the Permian Basin has made it a shale leader. Bloomberg Businessweek: By Kevin Crowley and Javier Blas In the control room of Chevron Corp.’s Scharbauer SE71 oil well, midway up a 150-foot rig in the heart...