We continue our interview series with Justin T. Stolte, partner at Gibson, Dunn & Crutcher LLP. Part two picks up by looking at what deals are getting done.
We have established the M&A transactions market is challenged but there are still deals happening. Stolte looks at what deals are proving to be beneficial for companies at this time.
"Water historically has been viewed as a nuisance for E&P companies and now, because there is so much produced water that E&Ps are having to deal with, it's really created a stand-alone business," said Stolte.
Related video: VIDEO SERIES: Challenges Ahead For M&A Transactions Market
The output in 2020 is forecast to rise by 990,000 bbl/d to 13.23 MMbbl/d, according to the EIA.
A 14% budget increase by YPF for 2015 is mainly aimed at unconventional shale plays and tight gas sands.
Whether it is sliding sleeves vs. PNP or slick water vs. crosslinked gel, proponents of fracturing technology are passionate about their preferences.