The top
three regions - Marcellus, Permian and Eagle Ford, accounted for $37.5bn in
transactions or 50% of the total reported for US in 2010. The year
included significant conventional transactions along with higher profile
unconventional sales. Strong
crude prices, new reservoir plays and technological applications stimulated
Permian Basin deal flow.The Barnett
and Haynesville shale areas saw reduced acreage transactions. The Barnett
numbers included Chesapeake’s VPP and EnerVest’s surprising acquisition of
Talon. Overall,
shale plays generally see more deal flow as plays advance (Eagle Ford &
Marcellus) and less deal flow (Haynesville & Barnett) as plays mature.
New plays
like the Niobrara and Avalon Shale should see additional deal flow in 2011.
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