The oil and gas industry in the US has emerged from a period of a devouring unconventional properties that come on the market with more of an eye on effectively managing and developing existing asset bases, Maynard Holt, head of E&P investment banking at Tudor Pickering Holt told the Deloitte Oil & Gas conference in Houston on Tuesday.

“We went on a bit of a bender,” he said about the period between roughly 2009 and 2012, when excitement about emerging shale basins led to companies scrambling to buy up available properties with little thought to how or when they would start developing them.

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