Prices, consolidation and financial firepower will push deals forward, says EY.
Despite the Uinta Basin’s recent flurry of M&A activity, Scout Energy Partners isn’t looking to sell anytime soon, said the company’s executive vice president, Juan Nevarez, at Hart Energy’s Executive Oil Conference.
Concerns on remaining inventory are a big driver of M&A activity, but improving drilling efficiencies allow for low rig counts to keep high production, says Dan Pickering, the chief investment officer of Pickering Energy Partners.
Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte.
Prices, consolidation and financial firepower will push deals forward, says EY.
Despite the Uinta Basin’s recent flurry of M&A activity, Scout Energy Partners isn’t looking to sell anytime soon, said the company’s executive vice president, Juan Nevarez, at Hart Energy’s Executive Oil Conference.
Concerns on remaining inventory are a big driver of M&A activity, but improving drilling efficiencies allow for low rig counts to keep high production, says Dan Pickering, the chief investment officer of Pickering Energy Partners.
Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte.
Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
With M&A activity all around its Utah asset, private producer Scout Energy Partners aims to grow larger in the emerging Uinta horizontal play.
Occidental Petroleum CEO Vicki Hollub names emissions and water management as top challenges for Permian operators and an incentive for growth.
Range Resources doesn’t feel the need to give into M&A peer pressure as it focuses on the efficient development of its current asset base, President and CEO Dennis Degner tells Hart Energy.
John Fossum, managing director at Petrie Partners, delves into the slowing pace of mergers amid companies vying for consolidator status and approaches companies are taking to generate cash, in this Hart Energy Exclusive interview.
Despite a decline in the number of rigs in the U.S., technological advances and improved efficiencies have kept production going, allowing companies to achieve more with fewer resources.