Permian Land Rush Over, Consolidation Time?

A new report from Austin-based Drillinginfo analytics is forecasting a surge in M&A activity for oil and gas for the rest of this year ($50 billion). The argument is that the rush on land in the Permian Basin has ended and now it's time for new dealmaking and consolidation. 

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I'd say M&A will be driven by many shale operators unable to refinance money-loosing operations into rising interest rate and falling by a wayside. 

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I'd be looking at the frac sand plays here. There's also a land rush on this because it makes a lot of sense--much more than transporting all that frac sand from Wisconsin, for instance. 

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