New giant created in $9.5B deal for Dallas’ RSP Permian
March 28, 2018 at 12:09 PM EDT
Midland’s Concho Resources has agreed to acquire Dallas oil and gas producer RSP Permian in a $9.5 billion deal that will forge a new giant in the busy West Texas fields. The deal sets a benchmark for how much of a premium investors and large energy companies will have to pay for firms focused on the Permian.
