BIG TROUBLE IN THE PERMIAN: So Why Did Exxon Buy Pioneer??
Today’s big news was the Giant Shale Permian Merger of Exxon & Pioneer. But, why would Exxon buy Pioneer if there is BIG TROUBLE brewing in the Permian? Good question. I provide my analysis with an update on the Texas & New Mexico Permian and why Exxon overpaid dearly for Pioneer…