U.S. shale mergers accelerate, as Pioneer-Parsley deal joins roster

Capt. John

Consolidation in the U.S. shale industry is accelerating, ratcheting up pressure on oil and gas producers to gobble up smaller rivals, analysts and executives said. Pioneer Natural Resources Co, one of the largest independent shale operators, joined the ranks of dealmakers as it announced on Tuesday a low-premium $4.5 billion buyout of Parsley Energy Inc. …

The post U.S. shale mergers accelerate, as Pioneer-Parsley deal joins roster first appeared on Hellenic Shipping News Worldwide.

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https://www.hellenicshippingnews.com/u-s-shale-mergers-accelerate-as-pioneer-parsley-deal-joins-roster/

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