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E&P Permian Resources will shift to smaller-scale deals to add value as opportunities to consolidate in the Midland and Delaware basins shrink.

E&Ps large and small are scouring the Permian Basin to buy up top-quality drilling locations. But they’ll have to pay a hefty premium to get longer in America’s hottest oil play, according to WoodMac research.

Despite concerns about declining productivity, the Permian shale basin still has substantial oil reserves for output growth in the coming years.

Digitization, electrification and refined chemistry shape the future of hydraulic fracturing.