Permian deals keep rolling

In November the folks at Tudor Pickering Holt said they were getting busy in the Permian Basin, that quintessentially Texan of Texas oil fields, with an investment in Storm Peak Energy.
Now it seems like the churn in the Permian continues.
Vanguard Natural Resources said today it will “acquire producing oil and gas assets in the Permian Basin for $55 million from a private seller. The properties to be acquired have estimated total proved reserves of 3.2 million barrels of oil equivalent, of which approximately 83 percent are oil reserves and 65 percent are proved developed.”
And Oklahoma-based SandRidge is paying $800 million to Forest Oil of Dallas for its Permian holdings. According to Simmons & Co. about $720 million is related to proved reserves of 53.5 million barrels of oil equivelant.
Houston’s Linn Energy is buying $154.5 million in Permian and Anadarko basin assets, and Concho Resources is spending $225 million for more Permian sites.

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