West Texas’ Permian Basin has held the hottest oil land in the United States for about two years. And it’s not slowing down. Last week, another energy firm bought in. Denver-based PDC Energy bought 57,000 acres from New York-based private equity asset manager Kimmeridge Energy for $1.5 billion, or about $21,000 per undeveloped acre. Since 2015, about 1 in …
Source: FuelFix
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