[Editor's note: A version of this story appears in the September 2018 edition of Oil and Gas Investor. Subscribe to the magazine here.]

After a strong first six months of recovering oil prices and impressive E&P performance, the blot on 2018’s oil and gas landscape—a flagging A&D market—is hard to take in without an involuntary, karmic sigh.

In the three-year price downturn, the saving grace amid plunging values was the idyllic transactions of the Permian Basin.

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