Tips, Tricks and Traps: Advice From The Unconventional Gas A&D Pros

Community relations. Technical competency. Staying ahead of lease expirations. Sell or bring in a drilling partner? Unconventional plays can come with challenges that may be outside a potential buyer's existing toolbox. For example, many plays require horizontal drilling, and more challenging and expensive completions. And, many plays involve urban or activist surface-rights owners. Here, in a roundtable discussion, veterans in unconventional gas M&A and operations share their wisdom on successful deal-making and asset development.

"Pressure-test your projects," says Chad Stephens, senior vice president, corporate development, for Range Resources Corp., to be sure there is a net return even at low gas prices.

"The terms of your lease are also critical. Unfortunately, in the Barnett shale, it got very out of hand. In general, I don't think we have quite that problem in the Haynesville," says Tim Petrus, executive vice president, acquisitions, for XTO Energy Inc.

"The Barnett has experienced some pipeline take-away-capacity constraints. Hearing the types of results that are coming out of the Haynesville, I expect some constraints there as well," says Blaine Stribling, asset and corporate development manager for Comstock Resources Inc.

Featuring:

• Chad Stephens, SVP-Corporate Development, Range Resources Corp.
• Timothy L. Petrus, Executive Vice President - Acquisitions, XTO Energy Inc.
• Blaine Stribling, Asset/Corporate Development Manager, Comstock Resources

Total Length: 00:36:35

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