Law360 Quotes Stephen Boone on Blockbuster Exxon-Pioneer Deal
Contact:
Law360 has quoted Akin energy partner Stephen Boone, who leads the firm’s U.S. oil & gas practice, in its article “Exxon-Pioneer Deal Heralds Fresh Permian Push For Mergers.” The article discusses ExxonMobil’s $60 billion acquisition of Pioneer Natural Resources, a leading oil and gas exploration and production company in the Permian Basin, and its potential implications for the industry and the region.
While further consolidation in the Permian by major industry players such as Exxon is expected, the article notes that smaller companies can succeed by prioritizing efficient drilling and production methods.
Stephen emphasizes the significance of technology and efficiency in investor assessments of oil and gas opportunities, saying, “You see investors in the space not necessarily lumping each and every oil and gas investment opportunity in the same bucket. Investors are drawing a meaningful distinction ... among those producers that are using tech and are serious about doing things in the most efficient ways.”
