As asset-level A&D struggles in the background of multibillion E&P mergers and market indifference to oil and gas, deal advisers see a spike in transactions for minerals, conventional assets and even combinations of private-equity companies.
Anadarko Petroleum was the only corporate deal Occidental Petroleum considered since the company’s current leadership has been in place, says CFO Cedric Burgher.
The Bakken’s operators are seemingly locked into a dwindling geography in North Dakota, but companies are increasingly returning to their wildcatter roots to see how far they can stretch the Williston Basin’s core.
After stints as Silicon Valley tech CEO, bond analyst and Hollywood screen writer, Karl Brensike found his stride in the ups—but mostly downs—of the oil and gas mineral sector as co-founder of Haymaker Minerals & Royalties.
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