Deals & Trends

There are still a number of large operators with strong cash positions who may be willing to deploy capital to acquire companies at reduced prices.

Flat commodity prices are likely to transform the industry.

Round One makes available 169 blocks with more than 18 Bboe in prospective resources and proven and probable reserves.

Acquisition comes at a time when leading Bakken producers are scaling back expenses.

Deal adds 1.3 MMboe of PDP reserves, but Matador’s capex is down about $350 million from 2014.

The move helps shore up its partner in Russia and increases market share as Halliburton, Baker Hughes merge.