Another U.S. E&P Consolidation Wave Likely

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about subscriptions

Already have subscription? Sign In

Further information

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.

Report summary

A wave of mergers and acquisitions could sweep across the U.S. Lower 48 in the next few years. As Unconventional plays mature, cost of supply will increase as basin sweet spots are drilled up. Absent offsetting technologies, producers will be forced to drill on acreage with progressively lower well recoverables. The Energy Transition and Peak Oil Demand issues will continue to converge. With this environment as a backdrop, producers will be looking for creative solutions to generate growth and value, likely triggering a wave of upstream consolidation through mergers and acquisitions.

What's included

This report contains

  • Document

    Another U.S. E&P Consolidation Wave Likely

    PDF 468.88 KB

Table of contents

  • Not The First Time We've Seen This Environment Develop
  • 1998: It was "Grow or Go"
  • Corporate Viability Assessed Through The Opportunity Funnel
  • Going "All In" On U.S. Unconventionals
  • Driving The Next Consolidation Wave
  • Deal Analogues For The Next Consolidation Wave: XTO and BOPCO
  • "Peak Value" Analogue: XTO
  • "Energy Transition" Analogue: BOPCO

Tables and charts

This report includes 7 images and tables including:


  • Figure 1: US WTI Oil Price 1986-2005
  • Figure 3: Production Growth 1985-2004 Versus Corporate Survival
  • Figure 4: Barnett Shale Production 2008-2017
  • Figure 5: Fayetteville Shale - Dry Gas Production 2008-2017
  • Figure 6: ExxonMobil US Natural Gas Production 2000-2009 (Mcf/d)
  • Figure 7: XTO US Natural Gas Production 2000-2009 (Mcf/d)


  • Figure 2: Industry Consolidations 1998-Present (Selected Companies)

Questions about this report?

    • Europe:
      +44 131 243 4699
    • Americas:
      +1 713 470 1900
    • Asia Pacific:
      +61 2 8224 8898