Shale-Sector Consolidation Drives a New Private-Equity Exit Deal

“‘The production of oil wells declines from the day you drilled them. That’s just the nature of the geology,’ said Mike Collier, a partner in the transaction advisory services practice of accounting firm Weaver and Tidwell. Acquiring potential well sites enables producers to compensate for the decline of producing ones, he added. ‘You have to have a drilling location inventory, otherwise you’re shrinking.'”