What tie-ups in the U.S. oil patch could mean for players like Coterra Energy

Permian Basin rigs in 2020, when U.S. crude oil manufacturing dropped by 3 million a day as Wall Street strain pressured cuts.

Paul Ratje | Afp | Getty Images

Exxon Mobil‘s (XOM) deliberate deal to purchase Pioneer Natural Resources (PXD) has sparked speak of extra consolidation in the oil-and-gas trade. While we do not personal firms as mergers-and-acquisition performs, the potential for extra tie-ups could have vital implications for our remaining oil identify: Coterra Energy (CTRA).

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