Need for Flex Drives US Permian M&A Feb 26, 2021 11:50:am Summary by: Thierry Bros As explained back in October, the on-going takeover flurry in the US Permian can be explained by major companies' desperate need for flexibility in an energy transition world, where the forecasts are more and more difficult to establish. The Permian has proven to be extremely flexible with a reduction of 1.4mn barrels of oil equivalent (boe)/d, a drop of 17% in hydrocarbon production in just 2 months between March and May 2020. And now with oil prices above $60/barrel, Permian oil production should recover fast... With a 26% production growth year ...