The Hottest Permian Takeover Targets For 2020

Not counting the decade’s largest acquisition deal, the $57-billion Occidental takeover of Anadarko, 2019 saw only $39 billion in oil and gas deals. But if the $11 billion deals in December alone are anything to go by, 2020 is on track to be another major year for M&A in the industry.  And it’s all about the Permian basin–still.  That’s because the bigger players in the American shale patch are still hunting for cheap assets from their fellow operators who can’t stand the heat of shareholder pressure to deliver…