In October I published an Oilprice article detailing one of the key drivers for the relentless Merger and Acquisition (M&A), activity occurring within the Upstream Exploration and Production (E&P) industry. There are a number of reasons for the big companies to be paying up to acquire smaller players, but the one on which I focused was the need for acquiring companies to increase reserves. For many it’s just not happening through the drill bit, thanks in no small part to declining acreage quality, something I discussed in Oilprice…
Hence then, the article about who will win the bidding war for crownrock was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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