How is the mineral market evolving and growing as part of overall M&A?
Minerals and royalties are a still small but rapidly growing and increasingly important piece of upstream M&A. A broad range of participants have realized the potential of these interests, from traditional E&P operators seeking a boost for well economics to consolidating private equity buyers looking to get in ahead of the drill bit and institutional buyers pursuing cash flow. In 3Q19, total transacted mineral and royalty deals rose to nearly $1.8 billion, the highest quarterly total we have ever tracked.
Please join us as Enverus Senior M&A Analyst Andrew Dittmar walks through this key asset class with a look back at how the mineral market has evolved and where we expect it to head next. The presentation will also provide context for mineral M&A with an overall update on the state of U.S. upstream deal activity since Q3.