The flurry of merger and acquisition activity over the last two years has changed the minerals landscape in the Permian Basin. Bracewell’s Austin Lee and John Stavinoha recently spoke with Permian Basin Oil and Gas Magazine to discuss the outlook for mineral exchange in the region.
On the topic of fewer operators controlling larger acreages in the Permian Basin, Stavinoha observed, “It just means that acreage is consolidated into fewer and larger hands, so less availability of prime leasehold opportunities for smaller players has started tightening up the market.
Regarding the marketplace for land acquisitions, Lee noted, “I don’t know how many large packages are anticipated in the Permian, probably not very many, because that’s where most of the focus of the consolidation has already taken place, to beef up the Permian.”
