BETTING ON THE CURVE

摘要

It's good to be a resource play in the U.S.M&A space this year.The first half of 2006 has been witness to the major players grappling for every last bit of the Barnett Shale,even going so far as to lease acreage beneath the Dallas/Fort Worth airport,despite the certain regulatory-approval frustrations developing this land may entail.If the resource plays have become the belles of the ball,the Gulf of Mexico shelf has found itself a lonely has-been,watching many of its biggest players exit,thanks to declining reserve potential and uncertainty of repeatable results.