Oil And Gas Merger Action Surges After A Dormant First Quarter

Trump Fires Back At Pence After Ex VP Said Anyone Putting Self Over Constitution Should Never Be President

“The rock in the DJ looks fantastic,” Dittmar says. “Definitely sub-$50 break evens, even into the low forties in some cases. We think Chevron was able to get a pretty good deal on PDC. It’s paying well less than $1 million per location, whereas inventory of that quality in the Permian would cost you significantly more than that.

Having said that, Dittmar also says he thinks the margins of the Permian region could hold a good deal of upside potential for buyers. “One of the stories we're seeing in the Permian Basin is that there's the locations you think are there based on existing wells and proven results, and then there's the locations that no one has tried that on bench in that area yet. So geologically, it looks like it has a lot of potential.

When asked if he foresees more consolidation coming to the U.S. shale business, Dittmar’s answer was unequivocal. “There's still too many public companies out there - I think that's been a consensus in shale since the get-go, almost,” he says. “And the more consolidated industry makes sense from a strategic perspective. It makes sense for investors. You have lower G&A costs. We're better able to tackle the regulatory and environmental concerns.

As Dittmar notes, these have really been the overriding goals that have driven consolidation in the shale sector since the shale revolution began in earnest in the first years of this century, and there seems little reason to expect these drivers to shift in the coming years.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

2Q23 — merger premiums reveal valuation gulf - Nature BiotechnologyOur 2Q23 Data Page shows the biotech finance sector remains in retroactive mode, with money reaching shareholders and companies through corporate mergers and deals rather than through venture capital or public market financing
Herkunft: NatureBiotech - 🏆 231. / 63 Weiterlesen »

Arizona attorney general seeking comments on proposed Kroger-Albertsons mergerArizona attorney general seeking comments on proposed Kroger-Albertsons merger at Tuesday night meeting in Phoenix:
Herkunft: abc15 - 🏆 263. / 63 Weiterlesen »

JetBlue, Spirit slam 'speculative' consumer lawsuit fighting $3.8 billion mergerJetBlue and Spirit on Tuesday in U.S. court called a consumer lawsuit over the airlines' merger plan 'vague' and 'speculative' and said it should be rejected as the U.S. Justice Department pursues a case against the $3.8 billion deal.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

Want Oil & Gas Companies To Pay For Their Climate Pollution? Don't Call It A Carbon Tax - CleanTechnicaHow did Canada get its citizens to go along with a carbon tax? They renamed it, and people responded positively.
Herkunft: cleantechnica - 🏆 565. / 51 Weiterlesen »