[Editor's note: A version of this story appears in the June 2021 issue of Oil and Gas Investor magazine.]
A&D is back, and I’m not talking about corporate M&A where a favorite name waves goodbye and gets absorbed only to become tomorrow’s memory. That’s happened more than enough in recent months. I’m talking assets—production, wells, acres and maybe a pipe or two. After two years of deal drought, the A&D machine is coughing back to life and gaining traction.
I know this because a full day of live, in-person speakers at the A&D Symposium hosted by the Society of Petroleum Engineers Gulf Coast Group Business Development Section in May were practically giddy at the deals that transacted in the past few weeks.
Doug Reynolds, managing director with the energy and power team at Piper Sandler, went so far as to title his presentation “The Golden Age of A&D?” The question mark was only insurance in case his optimism was too hopeful.