A&D activity being pushed higher by 'Obama Factor'

摘要

Divestiture activity for upstream E&P assets is running unexpectedly high in the face of spiking commodity prices, according to Ken Olive, president and chief executive of The Oil & Gas Asset Clearinghouse. "Normally, any time you have a significant price movement upward or downward, the industry shuts down on decision making as to whether to sell. In this era of stratospheric price movement, we have not seen a slowdown in activity overall. We have high levels of divestiture activity in general." Olive spoke to IPAA and Tipro members in Houston recently.