A fresh set of thoughts on Permian M&A

The sheer scale of the Chevron, Anadarko and Occidental tie-up creates an even bigger need to study Wolfcamp consolidation. It proves that being a large Permian player doesn't rule out the use of additional M&A to get even bigger. The list of reasons to do a deal is complex, but can include: cash flow growth, shared leases lines, and the opportunity to drill your well design on someone else's acreage. For the best-positioned players, the market selloff of public Permian operators has created a great opportunity to hunt out deals.