Deverka: successful buyers need acquisition action plan, focus.

Publication: Oil and Gas Investor

Publication Date: 01-MAR-06

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COPYRIGHT 2006 Hart Publications, Inc.

Capital is abundant and organic growth opportunities are limited. says Mark Deverka of investment-banking firm Petrie Parkman & Co. People, ideas and rigs are today's competitive advantages in North American E&P, he told a group of NAPE Expo attendees in Houston recently.

And, competition for both proved reserves as well as these often-unevaluated assets is coming from unexpected places--overseas E&P companies, such as Norsk Hydro, Statoil and Japanese firms that have been active acquirers in the Gulf of Mexico, and super-majors that have a renewed interest in North American assets. For example, Royal Dutch Shell is interested today in...

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