Colorado a hotbed of oil, gas deals, but what does that mean for industry’s future?
Payne Institute Fellow Brad Handler contributed to this article about how two of the biggest mergers in the oil and gas industry this year took place in Colorado, helping make the second quarter of 2021 one of the hottest periods for deals in the past couple of years. Bonanza Creek’s acquisition of Extraction Oil and Gas, both Colorado companies, was one of seven deals nationwide valued at more than $1 billion, according to a new report by Enverus. Civitas Resources, which formed after the merger of Bonanza Creek and Extraction, then acquired Denver-based Crestone Peak Resources for $1.3 billion. July 15, 2021.