“A New Reality—How the M&A Market Has Been Reset”

Deal flow slowed dramatically in recent months, the victim of weak commodity prices across the board, public markets that closed down until E&Ps demonstrate real returns, and private markets that are extremely cautious to invest into a situation where they have no idea what the ultimate exit will be. What does all this mean for A&D? Will the playing field retract through massive consolidation? And could this environment result in a permanent, lower capital spend with lower deal flow?


Bill Marko, Managing Director, Jefferies LLC