DALLAS – The A&D market doesn’t look terribly inviting right about now, David B. Miller, managing partner, EnCap Investments LP, said Sept. 5 at the A&D Strategies and Opportunities conference.
All of the “elephant” shale plays have been identified, newer plays have fluctuating drilling results and gas prices continue to fester with recovery anyone’s guess.
With the land grab stalled, there are few bargains for valuable oil and liquids spots. Though deals are still being made, 90% of buyers are sitting out of the game, Miller said.
Miller thinks ...