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.
2023-09-18 - Concerns about the global economy will be a counterforce on oil prices, says Stratas Advisors' John Paisie.
2023-10-02 - For the upcoming week, Stratas Advisors predicts oil prices will have a downward bias, in part because of concerns about economic growth and oil demand.
2023-09-21 - Stratas Advisors still holds the view that oil prices will not break through $100/bbl this year.
2023-09-25 - For the upcoming week, Stratas Advisors expects oil prices to be under pressure and may test $90 again, with the price of Brent not able to break through $95 last week.
2023-10-16 - For the upcoming week, Stratas Advisors predicts efforts to reduce Iranian crude exports won’t occur, however there is still a risk that supply disruption will put upward pressure on oil prices.