In Episode 44 of The Energy Question, David Blackmon engages in a somewhat prescient discussion about upstream mergers and acquisitions (M&A) activity during the first quarter of the year with Andrew Dittmar, Director at Enverus. Andrew talks about the business, policy and market factors impacting the M&A space during 2023, and ends up identifying Chevron as one of the big potential buyers just weeks before Chevron announced its $7.6 billion buyout of PDC Energy on May 22.
Run of Show:
0:00 - Intro
01:36 - Discussion about Q1 2023 M&A activity, and its focus on Eagle Ford Shale assets
07:53 - Factors impacting deal making in other basins, and the potential for deals involving buyouts of small-to-midsize upstream companies during the rest of the year
14:48 - Why ExxonMobil and Chevron are notable potential buyers
19:19 - How takeaway capacity in Appalachia are impacting dealmaking
23:33 - Which larger independents are potential takeover targets?
25:51 - Outlook for the rest of the year and beyond
28:28 - End
Enverus Home Page: www.Enverus.com
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