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.
Recommended Reading
Lower 48 Oil Output Forecast Slips as Rig Activity Drops—WoodMac
2025-05-27 - Oil gains in the Permian, Powder River and Uinta basins are overshadowed by declines in aging basins, says Wood Mackenzie expert Robert Clarke.
Terrific Turner: Oxy's 'Exceptional' Results from Powder River's Turner Sands
2025-05-29 - IP rates from Occidental’s wells completed in the Turner bench of the Powder River Basin last year averaged 1,573 boe/d. Oxy also plans to test the Mowry, Parkman and Teapot zones in the Powder.
How Longer Laterals Are Extending Bakken’s Long Life—Chord CEO
2025-06-05 - Chord Energy is drilling longer 3- and 4-mile laterals in the middle Bakken to extend inventory life—and closely watching new oily zones being tested in the Williston Basin’s stacked pay.
Deep Potential: Permian Woodford Delivers as Exxon, Mewbourne Join In
2025-05-22 - Oklahoma’s finest Woodford Shale developers are applying their learnings to the Permian Basin, where exploration of the deep bench is in its earliest innings.
Harold Hamm is Still Wildcatting After All These Years
2025-06-02 - As the founder and chairman of Continental Resources reflects on 25 years of Bakken horizontal development, Harold Hamm urges his fellow U.S. producers to “never quit exploring.”
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.