PXD - Chevron ConocoPhillips among most likely candidates for Shell's Permian assets

Chevron ([[CVX]] -0.3%), ConocoPhillips ([[COP]] +0.1%), Devon Energy ([[DVN]] -2.2%), EOG Resources ([[EOG]] -0.6%) and some private equity houses are considered among potential bidders for some or all of Royal Dutch Shell's ([[RDS.A]] -1.1%) Permian Basin assets.Reuters reported over the weekend that it is evaluating a sale of its Texas shale assets, which total 260K acres and may be worth as much as $10B.The figure would imply a valuation of nearly $40K/acre, in line with the price Pioneer Natural Resources ([[PXD]] -0.3%) paid for DoublePoint Energy in April, the Permian's most costly deal in at least five years.Shell's assets are located in the Delaware Basin, the westernmost shale field within the Permian, while Pioneer is focused in the Midland region, located further east.ConocoPhillips and Chevron both own acreage close to Shell's holdings, which could make a deal attractive, Rystad Energy's Artem Abramov says.Devon Energy likely is the smallest company that

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Chevron, ConocoPhillips among most likely candidates for Shell's Permian assets