- Blackstone Group (NYSE:BX) says it will invest ~$1.5B in the Permian Basin in Texas and New Mexico to make strategic acquisitions through two new ventures.
- The P-E firm says it will partner with privately-held Jetta Operating to pursue asset and leasehold acquisitions in the Delaware sub-basin of the Permian, and with start-up Guidon Energy to form a new company focused on the Midland sub-basin of the Permian to purchase an initial acreage position.