Rockies deal volume uptick in 2014 paces overall A&D market

摘要

First-quarter 2014 deal volumes were greater than fourth-quarter 2013 volumes, marking a pronounced change in an A&D market that was uncharacteristically sluggish last year. Deals in the Rockies, including the Niobrara Shale and Williston Basin plays, followed the trend, according to Tim Sulser, director of investment banking at Tudor, Pickering, Holt & Co. So far in 2014, Rockies deals, totaling $3.2 billion, have made up 22% of vol- ume. In 2013, they composed 14% of the market, and in 2012 they made up only 12% of the market.