A deal between Exxon and Pioneer Natural Resources could kick off a bonanza of deal making in the oil patch
in U.S. shale could kick off a bonanza of deal-making in the oil patch as drillers look to put large war chests of cash to work.
The oil giant has held preliminary talks with Pioneer Natural Resources Co. , a Texas fracker with a roughly $52 billion market capitalization, about a potential acquisition, The Wall Street Journal reported last week. Exxon, which has been on the prowl in the for months, has also discussed a potential deal with at least one other company, the Journal reported.
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