Jordan Soto, executive producer, Hart Energy: Where is the oil and gas M&A market heading next? Find out in this A&D Minute powered by BOK Financial Securities.
Our editorial team is covering multiple conferences this week, but as we look back at our A&D Strategies and Opportunities conference, we noticed a recurring theme of consolidation, which made us curious as to where the M&A market is heading.
Todd Brooker, president, Cawley, Gillespie and Associates Inc.: Well, I think it has nowhere to go but up. A&D transactions are significantly off from four or five years ago, maybe 10% of what it was on the number of transactions. So with oil prices high and staying there, and if we can get natural gas a little higher over the winter, I think ‘24 looks really good for A&D activity. At least better than ‘23, on a per count basis.
JS: And that's your A&D Minute powered by BOK Financial Securities. Be the first to watch new episodes with our A&D Watch newsletter. Sign up at hartenergy.com/deals.
Recommended Reading
Water Management Called ‘Massive Headwind’ for Permian Operators
2024-11-21 - Amanda Brock, CEO of Aris Water Solutions, says multiple answers will be needed to solve the growing amounts of produced water generated by fracking.
E&P Highlights: Oct. 28, 2024
2024-10-28 - Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology.
Aris Water Solutions’ Answers to Permian’s Produced Water Problem
2024-12-04 - Aris Water Solutions has some answers to one of the Permian’s biggest headwinds—produced water management—but there’s still a ways to go, said CEO Amanda Brock at the DUG Executive Oil Conference & Expo.
Exxon Plans Longest 20,000-Ft Wells on Pioneer’s Midland Asset
2024-11-04 - Exxon Mobil has already drilled some of the longest wells in the New Mexico Delaware Basin. Now, the Texas-based supermajor looks to go longer on Pioneer’s Midland Basin asset.
E&P Highlights: Dec. 30, 2024
2024-12-30 - Here’s a roundup of the latest E&P headlines, including a substantial decline in methane emissions from the Permian Basin and progress toward a final investment decision on Energy Transfer’s Lake Charles LNG project.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.