Oil and Gas: More Deals, Less Drilling in 2015?

Posted January 29, 2015 at 5:00am

The Pittsburgh Post-Gazette reports that “for an oil and gas company belonging to a very narrow stripe of the industry that’s well capitalized, long-term oriented and opportunistic, this might be a good time to make a deal.”  

“Some industry experts predict 2015 may turn out to be a year of less drilling and more dealing, as low oil and natural gas prices force some companies out of the market and those remaining look to pick up the crumbs.”  

“’There will be a lot of companies looking to get a deal for pennies on the dollar,’ said Carl Larry, director of business development, oil and gas, at Frost & Sullivan in Houston, Texas.”  

“Large firms that have the means and “wherewithal” to withstand this wave of low prices are best poised to take advantage of such opportunities.”