Alternatives

July 1, 2015

Third Quarter 2015

Value Focus: Energy

Exploration & Production Overview

As the 4th quarter begins, uncertainty is rife within the Exploration and Production (E&P) industry. Over 12 months into a declining oil price environment, barrel prices have experienced levels not seen since the financial crisis. The changing economics and marketplace have presented a challenging operating environment and E&P companies need to address their production levels, leverage levels and appetite for more (or less) reserve assets. Let’s first explore what has led us to the current situation: oil demand, supply, and price.

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Mineral Aggregator Valuation Multiples Study Released-Data as of August 17, 2026
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With Market Data as of August 17, 2026

Mercer Capital has thoughtfully analyzed the corporate and capital structures of the publicly traded mineral aggregators to derive meaningful indications of enterprise value. We have also calculated valuation multiples based on a variety of metrics, including distributions and reserves, as well as earnings and production on both a historical and forward-looking basis.

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