Most basins have endured a long season of A&D neglect as the Permian’s reputation for forgiving breakeven points has made deals palatable there.

Darren Barbee, Hart Energy

Down to the wire in 2016, Permian Basin A&D continues to be epic—with many deals stretching well beyond $1 billion despite one of the more prolonged low-priced oil environments in recent memory.

What of 2017? The deal environment will change, likely with fewer and smaller transactions. Should oil prices hold above the $50 range other basins will begin to heat up and competition—thanks to availability of capital—could be fierce.

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