Oil companies looking for the next big find are wading into the Powder River Basin of Wyoming, where pipelines are not congested and land is cheaper than in Texas’ Permian Basin, the world’s fastest-growing oil-producing region. A series of largely undisclosed land deals is fueling interest in its conventional and shale formations, according to people familiar with the transactions who requested anonymity this week to discuss the confidential deals. U.S. crude prices have risen 48 percent over the last year, also spurring deals. Rebellion Energy, an Oklahoma firm backed by private equity firm NGP Partners, this month paid more than $100 million, or $5,200 an acre, for 19,000 acres from Liberty Resources LLC, five sources familiar with the transaction said. Vermilion Energy, recently snapped up 55,000 acres from Massif Oil & Gas for $150 million, sources familiar with the deal said. Navigation Powder River […]