DUG Midcontinent: Region is familiar exit place for public buyers

摘要

It's no secret that private-equity buyers have come to rule the A&D market in the Midcontinent, but what may not be as widely known is that they've done so behind public buyers who've left. And this, one financial analyst says, makes Midcon's loss also its gain. "The publics seemed to have picked the Midcontinent as a place to exit," says Craig Lande, managing director at RBC Richardson Barr. "They're moving into the Permian and Bakken, where they're getting rewarded in the public markets, and the Mid-con has been a real playground for private equity and MLPs."