Over the past three years, the Permian has been the focus of both oil analyst and buyers’ attention. Most of the new drilling and asset acquisitions in America took place in the fastest-growing U.S. shale region, thanks to the Permian’s lower breakeven prices compared to other shale plays. The Permian continues to be a coveted area for buyers, but competition for scooping the best acres has intensified, driving asset prices significantly higher. Now some independent and smaller players are looking to gain access to assets outside of the Permian because this year’s higher oil prices have made other U.S. shale plays profitable again. The Permian will continue to be the biggest growth story in U.S. shale until 2027, but companies have started to look for opportunities in other plays to boost production and do deals that add value to their resources, Wood Mackenzie’s Chief Analyst and Chairman Simon Flowers […]