Two Billion-Dollar-Plus Deals in the Oil Patch
Two big deals in the oil patch may signify that the recent bump in oil prices is being taken seriously by both sellers and buyers. Pioneer Natural Resources announced a $3.25 billion sale of assets in the Delaware Basin to Continental Resources. Elsewhere Southwestern Energy agreed to buy GEP Haynesville from Blackstone for $1.85 billion. Claire Poole has the details and the names of the lawyers involved.