The Permian basin of West Texas and Southern New Mexico is the premier oil and gas basin of the U.S., and one of the most prolific basins in the world. It has helped make Texas the top oil producer in the U.S. and New Mexico number two.
A new wave of mergers and acquisitions is coming to the U.S. oil patch, and the most prolific shale basin, the Permian, is set to lead the deal-making activity in the industry.
Pickering Energy Partners (PEP) said Wednesday it is looking to acquire and develop Permian Basin oil and gas interests alongside public and private operators.