Financial Reporting Valuation, Oil & Gas

December 28, 2021

Mercer Capital's 2021 Energy Purchase Price Allocation Study

In Case You Missed It

Did you miss Mercer Capital's 2021 Energy Purchase Price Allocation Study? If you did, before we move into 2022, take a look at the 2021 Study.

This study researches and observes publicly available purchase price allocation data for three sub-sectors of the energy industry: (i) exploration & production; (ii) oilfield services; and (iii) midstream and downstream.  This study is unlike any other in terms of energy industry specificity and depth.

The 2021 Energy Purchase Price Allocation Study provides a detailed analysis and overview of valuation and accounting trends in these sub-sectors of the energy space.  This study also enables key users and preparers of financial statements to better understand the asset mix, valuation methods, and useful life trends in the energy space as they pertain to business combinations under ASC 805 and GAAP fair value standards under ASC 820.  We utilized transactions that closed and reported their purchase allocation data in calendar year 2020.

This study is a useful tool for management teams, investors, auditors, and even insurance underwriters as market participants grapple with ever-increasing market complexity.  It provides data and analytics for readers seeking to understand undergirding economics and deal rationale for individual transactions.  The study also assists in risk assessment and underwriting of assets involved in these sectors. Further, it helps readers to better comprehend financial statement impacts of business combinations.

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Mercer Capital Sponsors ASA Houston’s 2026 Energy Valuation Conference
Mercer Capital Sponsors ASA Houston’s 2026 Energy Valuation Conference
Mercer Capital is pleased to serve as a Gold Sponsor of the 2026 Energy Valuation Conference, hosted by the Houston Chapter of the American Society of Appraisers. The conference will take place on Thursday, May 14, 2026, at The Briar Club in Houston, Texas, with both in-person attendance and live webcast options available. Bryce Erickson, ASA, MRICS; J. David Smith, CFA, ASA; and Andrew B. Frew, ASA, ABV, will attend on behalf of Mercer Capital.Now in its 16th year, the Energy Valuation Conference brings together appraisers, accountants, financial analysts, petroleum engineers, and many other professionals working across the energy sector. The conference is designed as a multi-disciplinary forum addressing valuation techniques and issues across the energy industry, including upstream, midstream, downstream, renewables, power generation, tax, governance, and emerging market considerations.This year’s program will address a range of current valuation topics affecting the energy industry, including energy transition, transaction activity, capital markets, and valuation considerations across upstream, midstream, and downstream sectors.Bryce Erickson is a Managing Director at Mercer Capital and leads the firm’s energy industry practice. Since 1998, he has led approximately one thousand engagements across diverse purposes, including gift and estate tax planning, litigation support, mergers and acquisitions, buyouts, buy-sell agreements, financial reporting, purchase price allocation, financing, and business planning. He regularly publishes on oil and gas industry topics in Mercer Capital’s Energy Valuation Insights blog. He is also a contributor to Forbes.com’s Energy sector.J. David Smith is a Senior Vice President at Mercer Capital and a senior member of the firm’s energy practice. He provides valuation services for tax planning, transactional purposes, and financial reporting. David is also a regular contributor to Mercer Capital’s Energy Valuation Insights blog.Andrew B. Frew is a Vice President at Mercer Capital and has nearly 25 years of business valuation experience. He has been involved with hundreds of valuation and related engagements across numerous industries and values businesses and business interests for gift and estate tax, charitable giving, buy/sell agreements, mergers and acquisitions, business succession and exit planning, and litigation support purposes. Andy also contributes regularly to Mercer Capital’s Energy Valuation Insights blog.Mercer Capital works with energy companies, mineral and royalty owners, oilfield services businesses, investors, attorneys, accountants, and other advisors on valuation and financial advisory matters. The firm provides business valuation, asset valuation, litigation support, transaction advisory, financial reporting valuation, and tax valuation services across the energy sector, helping clients address complex financial questions with clear, independent, and well-supported analysis.Mercer Capital looks forward to supporting the conference and connecting with energy valuation professionals and industry leaders in Houston. Additional information about the 2026 Energy Valuation Conference is available at https://energyvaluationconference.org/.For more information about Mercer Capital’s experience and expertise in the oil & gas sector, visit https://mercercapital.com/industries/energy-power/oil-gas/.
EP First Quarter 2026 Eagle Ford
E&P First Quarter 2026

Region Focus: Eagle Ford

Eagle Ford // The Eagle Ford exhibited modest production growth over the past year, broadly in line with other major basins, as output remained within a relatively narrow range. This stability reflects the basin’s maturity, with limited variability in production despite declining rig counts and continued capital discipline among operators.
Just Released: Q1 2026 Oil & Gas Industry Newsletter
Just Released: Q1 2026 Oil & Gas Industry Newsletter

Region Focus: Eagle Ford

The Eagle Ford exhibited modest production growth over the past year, broadly in line with other major basins, as output remained within a relatively narrow range. This stability reflects the basin’s maturity, with limited variability in production despite declining rig counts and continued capital discipline among operators.

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