Texas-based ConocoPhillips bought Shell’s Permian Basin assets for $9.5 billion, its second major purchase in the oil-rich area over the last year. Sign up for The Brief, our daily newsletter ...

In the Delaware Basin, along the Texas-New Mexico state line, about two thirds of the acreage was in Reeves and Loving counties in Texas. More: New Mexico public land offered for oil drilling amid ...

Most leases in the Delaware basin are 1-mile square sections. Most operators, including Shell, attempt to pool leases together to drill longer laterals. However, some sections cannot be pooled and ...

Sept 20 (Reuters) - Royal Dutch Shell (RDSa.L), opens new tab said on Monday it would sell its Permian Basin assets to ConocoPhillips ... and boosted its Permian acreage in recent years, it ...