Dealmaking In U.S. Shale Patch Heats Up As Oil Prices Rise

Rising oil prices are encouraging U.S. shale producers to put up for sale non-core assets to streamline operations and reduce debt. Property sales have accelerated this year as exploration and production companies now look to develop and hold assets that would boost their cash flow generation instead of production volumes, as was the mantra before the 2020 crisis.

Since the start of the year, producers and private equity firms have been selling acreage across the U.S. shale patch to another group of producers willing to complement their portfolios…