In the history of the oil and natural gas industry in the United States, 2016 will be remembered as one of the most eventful in terms of major market developments, asset transactions and developments in public policy. As we approach year’s end, I thought it would be interesting to take a look at some of the year’s major events: The Permian Basin exploded – While other major U.S. oil and gas producing basins – like the Eagle Ford and Haynesville Shale areas – languished in the mire of an ongoing oilfield depression, the multi-play Permian Basin heated up in a big way. Throughout the summer and fall, company after company announced major asset acquisitions in the region, with some, like Pioneer Resources, talking about their ability to profitably drill even with oil prices in the $30-$40 range. As the price for West Texas Intermediate (WTI) ramped up to near […]