Cautious optimism prevails in the findings of the fall 2018 edition of the Grant Thornton/Hart Energy survey of the state of the oil and gas industry.
The E&P industry enters 2019 much as it entered 2018—planning to focus on a few core areas and to spend money wisely. At the same time, the economics of the sector continue to show improvement, with industry insiders saying they are able to keep production levels flat while maintaining current activity and re-establishing their strong cash flow positions.
Interest in A&D has increased slightly since 2017, but still with vigilance. Differing buyer/seller expectations remain a main concern. While 2017 saw more actual transactions, 2018 has seen larger transactions.