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re: OXY buying APC for 57B
Posted on 4/12/19 at 8:32 am to GREENHEAD22
Posted on 4/12/19 at 8:32 am to GREENHEAD22
That's a big bet on the Delaware basin
1
Posted on 4/12/19 at 8:39 am to castorinho
If the service side thought they were getting squeezed before just wait.
This goes hand-in-hand with an article I read a couple weeks ago saying that slowly but surely you will see a smaller midsize players forced out as oil stays and the lower ranges.
If you read between the lines on Exxon's talk about how they're going to reduce uplift cost it pretty much said it will come at the expense of the service industries and hostile takeovers of prime acreage.
This goes hand-in-hand with an article I read a couple weeks ago saying that slowly but surely you will see a smaller midsize players forced out as oil stays and the lower ranges.
If you read between the lines on Exxon's talk about how they're going to reduce uplift cost it pretty much said it will come at the expense of the service industries and hostile takeovers of prime acreage.
This post was edited on 4/12/19 at 8:42 am
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