VNOM $4.1B Deal Echoes Permian Appeal: Time to Watch EPD & OXY too?

This aggressive move comes despite a slump in crude prices. According to data from the U.S. Energy Information Administration, the average Cushing, OK, WTI spot prices declined to $62.17 per barrel in May from$75.74 per barrel in January this year. The price downturn and broader energy market uncertainty, in part due to geopolitical tensions such as the U.S.-China trade conflict, have generally slowed mergers and acquisitions across U.S. shale regions. Key Takeaways Viper Energy, Inc.'s (VNOM) decision to ...