DUG Midcontinent: M&A Comes Out of the Shadows

Interest is again returning to a play that was, 18 months ago, mostly an afterthought. “We’re back, baby,” Detring Energy Advisors Founder Derek Detring proclaimed at DUG Midcontinent.

DUG Midcontinent: M&A Comes Out of the Shadows

Perhaps the most notable shift in the Midcontinent is the switch from a basin once dominated by publicly traded companies to private independent E&Ps, Detring told conference attendees. (Source: Shutterstock.com)

OKLAHOMA CITY—The A&D spotlight that has concentrated so intently over the Permian Basin, Haynesville and Marcellus the past couple of years has necessarily left some deals in the shadows.

Certainly, the deals in the Permian Basin, for example, has been giants compared to most other basins.

But the Midcontinent, a basin more or less left for dead in 2019, has quietly racked up some 230 transactions in 2020, with dealmaking in the western Anadarko Basin and Platform-Shelf region of the Miss Lime development, “indicating that acquirers’ interest is turning back to previously shelved prospects,” Derek Detring, president and founder of Detring Energy Advisors said March 2 at Hart Energy’s DUG Midcontinent conference and exhibition.

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Darren Barbee

Darren Barbee is senior editor for Oil and Gas Investor magazine.