Just as the consolidation of US oil was starting to go quiet, Pioneer Natural Resources has made a move to acquire rival Texan producer DoublePoint Energy in a $6.4 billion cash and stocks deal. This comes not long after the company’s acquisition of Parsley Energy in January for $7.6 billion, following the oil price crash during Covid-19, which has led to a surge of bankruptcies across the shale industry. Pioneer produced 370,000 barrels of oil per day in 2020, with hopes of adding an additional 100,000 barrels though DoublePoint’s assets by the end of June. Through consolidated assets the company hopes that the deal will realize cost savings of $1 billion over 10 years. BP claims to have completed its…