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A&D Activity Still 'Solid' After Strong 1Q 2014

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By Darren Barbee, Hart Energy
July 1, 2014

First-quarter 2014 got off to a solid start, and recently disclosed deals show acquisitions and divestitures activity simmering as summer approaches.

While recent deals in the Eagle Ford, including one for $3.1 billion, have overshadowed smaller transactions, the first quarter was rife with buys. The Permian Basin’s RSP Permian Inc. acquired 5,316 net acres prospective for horizontal development in Martin, Glasscock and Dawson counties, Texas, for an aggregate price of about $79 million. The company closed its IPO in January.

RSP closed on the acquisition of a 17.5% nonoperated working ...

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