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ConocoPhillips buying Concho for $9.7 Billion

Discussion in 'Oilfield Trucking Forum' started by Deadwood, Oct 19, 2020.

  1. Oct 19, 2020 #1
    Deadwood

    Deadwood Medium Load Member

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    How will this affect you personally? Will this be a net plus or a net minus in your world.
     
    Deadwood, Oct 19, 2020
    Deadwood, Oct 19, 2020
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  3. Oct 21, 2020 #2
    Crude Truckin'

    Crude Truckin' Alien Spacecraft

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    Must be in Texas?
     
    Crude Truckin', Oct 21, 2020
    Crude Truckin', Oct 21, 2020
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  4. Oct 21, 2020 #3
    Deadwood

    Deadwood Medium Load Member

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    Yep. Pioneer just bought Parsley for $5 Billion yesterday too. A lot of consolidation in the oilfield sector.
     
    Deadwood, Oct 21, 2020
    Deadwood, Oct 21, 2020
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  5. Oct 21, 2020 #4
    Crude Truckin'

    Crude Truckin' Alien Spacecraft

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    Good time for those who have capital to do that.
     
    Crude Truckin', Oct 21, 2020
    Crude Truckin', Oct 21, 2020
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  7. Oct 23, 2020 #5
    RockinChair

    RockinChair Road Train Member

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    That depends on how this acquisition affects COG's first purchaser contracts.
     
    RockinChair, Oct 23, 2020
    RockinChair, Oct 23, 2020
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