Experts say U.S. minerals and royalties teams are getting bigger, holding acreage for longer periods and bringing a more sophisticated approach to M&A.
After selling Stronghold Energy II to Ring Energy for $465 million last year, Steve and Caleb Weatherl aim to develop another Permian position with their new E&P, Garrison Energy.
As private equity firms return to upstream oil and gas, firms might raise up to $15 billion for oil and gas upstream, but the industry could use up to $25 billion, experts said.