Oilprice.com‘s Tom Kool email to readers today:
WTI crude is soaring back toward $80 per barrel as the Merger & Acquisition action in the U.S. oil patch continues.
According to the Financial Times, the latest Diamondback-Endeavor deal brought the total deal value of the bonanza since the beginning of last year to a whopping $180 billion.
But everyone who thinks that this wave of consolidation is leading to a new ‘drill baby drill’ …
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