Wes Williams Quoted in Law360 on Permian Basin Deals

“Permian Basin A Hot Spot For Deals Despite Low Oil Prices”

A recent flurry of big-ticket upstream oil and gas deals concentrated in the Permian Basin of West Texas demonstrates the region’s ability to be a moneymaker for drillers and a low-risk investment target for their financiers even with oil prices remaining stubbornly low, experts say.

“You don’t see too many people playing in the Eagle Ford [in South Texas] and the Bakken Shale [in North Dakota] anymore because you don’t have as much visibility as to when oil prices will recover to the point where those basins will be economic,” said Wes Williams, who leads Thompson & Knight LLP’s corporate and securities practice. “You’ve got a lot of people who don’t want to wait with the hope of prices recovering.”