Industry executives predict that consolidation in the U.S. shale oil and gas sector will lead to a decline in production
Mergers and acquisitions in the U.S. shale oil and gas space could lead to a decline in production, industry executives said in the latest edition of the Dallas Fed Energy Survey. The decline, according to survey respondents, would not be especially pronounced. Yet it would still be a reversal of a trend that most observers of the U.S. oil industry consider irreversible and consistent over the long term in the absence of constraining policies.
The deal is worth $1.9 billion and will add 25,500 bpd to Matador’s daily total. The consolidation continues. The pool of production decision-makers in exploration and production is shrinking. This is affecting production plans, but they are not the only thing it is affecting. “Industry consolidation is the main driver of change in the industry currently,” one Dallas Fed Energy Survey respondent said, commenting on the oilfield services sector.
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