Asset markets in the Eagle Ford and Haynesville could become more active as land prices in the Permian basin push operators to look for value in other areas, according to a leading consultancy.
The oil-rich Permian basin accounted for more than half of all acreage acquisitions in 2016 as operators looking to get into the basin or consolidate their position there pushed per-acre prices from around $10,000 to upwards of $40,000, researchers from Deloitte said in their annual review of acquisition activity.
