The new year has seen a flurry of transactions in these play areas, the most recent being Monday's announcement by Noble Energy (NYSE:NBL) that it is acquiring a venerable fixture in the Permian Basin, Clayton Williams Energy (NYSE:CWEI) for $2.7 billion. This combination creates the industry’s second largest Southern Delaware Basin acreage position and provides more than 4,200 drilling locations on approximately 120,000 net acres, with over 2 billion barrels of oil equivalent in net unrisked resource." For Noble, the acquisition includes 71,000 acres in the Delaware Basin that the company classifies as being "highly contiguous" to its pre-existing 47,200 acres in that area. In addition, it takes ownership of another ~100,000 net acres in other parts of the Permian Basin. The total price Parsley paid for those acquisitions came to $607 million.

Source: Forbes January 16, 2017 22:40 UTC