Market Monitor

LETTER FROM DALLAS

Update On A&D Marketplace

HIGHLIGHTS FROM A&D CONFERENCE

It's A Sellers Market!

Hot Minerals and NonOp Sectors!

Will Public Markets Continue Shrinking?

Gas Buying Strong!

Update On Private Equity Action...

ABS Funding Driving PDP Consolidation

Delaware Primed For More Consolidation

Average Shale Breakevens $50-$60

Conventional Consolidation Players

Exploration Making a Comeback?

SEPEMBER 16, 2025

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