home Exploration, Finance This Oil Company Follows the Path but Beats the Numbers

This Oil Company Follows the Path but Beats the Numbers

 

News from the first two quarters of this year has been on megadeals as producers gobbled up acreage and rival companies in prime locations in an effort drive down costs during the long oil slump.  Those searches are now going beyond the Permian basin to include up-and-coming Anadarko basin in Oklahoma and northern Texas, which attracted six big deals worth a combined $3.9 billion.  “They’ve swallowed the elephant, and now they need to digest it,” said Joe Dunleavy, the head of energy and utilities deals at PwC, the global accounting and consulting firm that put the quarterly report together. What is the solution?

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