In October I published an Oilprice article detailing one of the key drivers for the relentless Merger and Acquisition (M&A), activity occurring within the Upstream Exploration and Production (E&P) industry. There are a number of reasons for the big companies to be paying up to acquire smaller players, but the one on which I focused was the need for acquiring companies to increase reserves.
For many it’s just not happening through the drill bit, thanks in no small part to declining acreage quality, something I discussed in Oilprice…Who Will Win the Bidding War for CrownRock?
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