US energy deals drop in Q3 to $12 billion after year-long frenzy [Yahoo! Finance]
Permian Resources Corporation (PR)
Company Research
Source: Yahoo! Finance
fewer companies on offer in the top U.S. shale field, analytics firm Enverus said on Wednesday. There were $12 billion worth of deals disclosed in the quarter ended Sept. 30, the lowest total in six quarters, said Enverus Intelligence Research principal analyst Andrew Dittmar. "Upstream M&A was bound to drop" after 2023's record $192 billion in deals largely in the Permian basin of West Texas and New Mexico, the largest U.S. shale field. Those mega deals have acquirers busy running portfolio reviews to weed out unwanted assets, he added. Some of the biggest buyers have become sellers as they prune holdings, he said, citing Occidental Petroleum's $818 million sale of properties to Permian Resources and APA Corp divesting older properties to an undisclosed buyer. The two biggest deals in the quarter were outside the Permian basin in secondary shale fields, with Devon Energy adding to its North Dakota holdings with a $5 billion deal for Grayson Mill Energy assets. The second la
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News
- Is Permian Resources (PR) the Best High Growth Energy Stock to Invest in? [Yahoo! Finance]Yahoo! Finance
- Permian Resources Co. (NYSE: PR) had its price target lowered by analysts at Piper Sandler from $21.00 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
- Permian Resources Announces Divestiture of Midstream Gathering Systems [Yahoo! Finance]Yahoo! Finance
- Kinetik Announces Bolt-On Acquisition of Gas and Crude Gathering Systems in Texas Delaware Basin from Permian Resources [Yahoo! Finance]Yahoo! Finance
- Permian Resources Announces Divestiture of Midstream Gathering SystemsBusiness Wire
PR
Earnings
- 11/6/24 - In-Line
PR
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- PR's page on the SEC website