Relative price stability bodes well for oil and gas deal-making in 2018 and the Permian basin is expected to continue as the lead target for merger and acquisition activity. Barring a geopolitical event, oil prices are expected to remain on the high end of the $55-65/bbl range, and price stability is as important to deal-making as a high oil price, said a panel of Gibson, Dunn & Crutcher oil and gas and M&A attorneys in a Jan. 10 webcast.

Source: News