The dust from A&D in the Permian Basin hasn’t so much settled, but continues blowing in a vortex moving increasingly west to New Mexico.
To make sense of the dense deal making in the Permian Basin—and whether other basins in the Lower 48 will see a spillover as companies rationalize portfolios for drilling capex— Hart Energy talked with Art Krasny, managing director at Wells Fargo Securities, about those plays prior to his presentation at the Energy Capital Conference on April 18.
Krasny sees a lot of acreage being grabbed up as large- and mid-cap upstream E&Ps reposition themselves in the Permian. Some neglected plays will get more attention than others, including natural gas sweet spots. Huge tracts of leasehold have already been swapped as companies sold off one-time “world-class” assets to focus on the Permian, Denver-Julesburg (D-J) Basin and Midcontinent.