Upstream A&D Activity in 2021 to Nearly Surpass Peak Shale Boom

Piper Sandler’s Doug Reynolds forecast a strong finish for A&D in 2021 and while upstream oil and gas deal activity might not reach its record year of 2014, “we’re going to have the best year since then,” he told attendees of Oil and Gas Investor’s A&D Strategies and Opportunities conference.

Upstream A&D Activity in 2021 to Nearly Surpass Peak Shale Boom

The upstream oil and gas industry in the U.S. has seen more A&D activity this year than the last two years combined, according to Doug Reynolds, managing director of Piper Sandler. (Source: Hart Energy)

DALLAS—When Doug Reynolds, managing director of Piper Sandler, gave a speech to the Society of Petroleum Engineers in March he labeled it “The Golden Age of A&D” with a question mark.

At the time, the upstream oil and gas industry was seeing a lot of deal activity in the works but not a ton announced. Regardless, Reynolds had an inkling that 2021 was going to be the year for A&D’s return.

“Today, six months on roughly, I think we can remove the question mark and put an exclamation point on it,” Reynolds told attendees of Oil and Gas Investor’s A&D Strategies and Opportunities conference on Sept. 29.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.