OIL SELLERS GET THEIR PRICE

摘要

The A&D market for upstream oil and gas properties has historically been driven largely by the health and strength of the public markets. When the stock market sold off in late 2008 and early 2009, public company oil and gas reserves valuations followed suit.As a result of the decline in "retail" reserves valuations, there was an implied lack of wholesale-to-retail reserves arbitrage. This, in concert with hampered credit markets, essentially put the A&D asset sale market on hold.-B.J. Brandenberger, Energy Spectrum Advisors Inc. (energy spectrumadvisors. com)