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The flurry of merger and acquisition (M&A) activity over the last two years has changed the minerals landscape in the Permian Basin, along with most producing basins in the United States. Regarding the bolt-ons and consolidation of acreage, Lee noted that Ovintiv recently divested its Uinta Basin assets in order to buy others.
Vertical Seismic Profiles (VSP) in certain situations are revelationary pieces of information which can shed a whole new light on basin analysis. Operator planning processes and documentation are the elephants in the room. On other occasions, they are time-consuming, costly process which simply confirms what we already know.
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