Finance

'Scorching hot' Permian M&A sector burns brightly with six takeover targets identified after APA-Callon deal

Analyst pinpoints other shale players that could be acquisition targets as shareholders sell off shares in APA and Callon Petroleum

Hot play: In this photo made with an optical gas Imaging thermal camera, a plume of heat from a flare burning off methane and other hydrocarbons is detected in the background next to an oil pumpjack as a cow walks through a field in the US Permian basin.
Hot play: In this photo made with an optical gas Imaging thermal camera, a plume of heat from a flare burning off methane and other hydrocarbons is detected in the background next to an oil pumpjack as a cow walks through a field in the US Permian basin.Photo: AP/SCANPIX
Africa CorrespondentLondon
APA CorporationCallon PetroleumDelaware basinPermian BasinUS
Published 5 January 2024, 16:22Updated 17 January 2024, 08:47