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https://www.wsj.com/articles/exxon-deal-hunt-signals-possible-shale-m-a-wave-c92c9fc

Exxon Deal Hunt Signals Possible Shale M&A Wave

Drillers are flush with cash, and their concerns about inventories and high costs are seen leading to deals

Exxon Mobil’s search for deals in the Permian Basin points to a coming boom in acquisitions. Photo: KATHLEEN FLYNN/REUTERS
By Benoît Morenne
 and Collin Eaton

Exxon Mobil Corp.’s hunt for a blockbuster deal in U.S. shale could kick off a bonanza of deal-making in the oil patch as drillers look to put large war chests of cash to work.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.