Exxon in talks to buy Pioneer Natural Resources

[RTaber1]

There have been three important acquistions made in the Permian since the April 10 announcement that Exxon is talking with PXD.
Qvintiv made $4 billion acquisition.
Callon made $475 million acquisition.
US Energy made $225 billion acquisition in the Mascot holdings in the Midland

Coterra Energy announces their strategic decision to exit natural gas
and focus on oil production in the Permian.

What does EPG think about attractiveness of PERMIAN RESOURCES as a potential buy-out stock being the largest pure play in the
Deleware Basin?

is this just "noise" or cash rich companies are rushing to buy the best reserves and production they can in the Permian?

[dan_s]

Most of our Sweet 16 look like attractive targets based on my valuations. PR is definitely a good size for any large-cap wanting to get a nice package of running room in the Delaware Basin.