Alternatives

January 1, 2024

E&P First Quarter 2024

Eagle Ford

Executive Summary

Despite significant rig-count declines, Eagle Ford production declined only modestly over the twelve months ended March 2024, aided by a significant number of DUCs going into production.  Reasonably steady commodity prices helped offset the basin’s production decline, allowing the region’s comp group to post favorable price increases over the review period.

Although M&A activity in the Eagle Ford plummeted over the last twelve months with only two deals announced, Dani Von Bassenheim, with Enverus Intelligence Research, notes that the Eagle Ford shale is one of a few areas that can expect increased M&A activity in 2024 as the list of attractive targets in the Permian Basin has dwindled.  Bassenheim further noted that “The core of the Eagle Ford is the gift that keeps giving for operators with the best acreage.” Despite denser development, recoveries remain high in core areas. 

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Takeaways from the 2026 Hart Energy Capital Conference: Capital Returns, Natural Gas Grows, and Scarcity Persists
Takeaways from the 2026 Hart Energy Capital Conference

Capital Returns, Natural Gas Grows, and Scarcity Persists

Hart Energy's 2026 Energy Capital Conference brought together operators, investors, lenders, and advisors to discuss the forces shaping capital allocation across the energy sector. While topics ranged from LNG exports and data center power demand to asset-backed securitizations (“ABS”) and private equity continuation vehicles, four themes consistently emerged throughout the day.
Mineral Aggregator Valuation Multiples Study Released-Data as of June 3, 2026
Mineral Aggregator Valuation Multiples Study Released

With Market Data as of June 3, 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.
Bryce Erickson to Speak at Hart Energy’s 2026 Energy Capital Conference
Bryce Erickson to Speak at Hart Energy’s 2026 Energy Capital Conference
Mercer Capital is pleased to announce that Bryce Erickson, ASA, MRICS, Managing Director, will speak at Hart Energy’s 2026 Energy Capital Conference, taking place June 3-4, 2026, at The Post Oak Hotel in Houston, Texas.For more than 20 years, Hart Energy’s Energy Capital Conference has brought together energy executives, private equity leaders, investment bankers, institutional investors, and other financial decision-makers to discuss the deals, strategies, and market dynamics shaping the energy industry. This year’s conference will focus on capital deployment, M&A activity, institutional investment trends, and broader energy finance considerations.Erickson will participate in the panel discussion “Asset Valuations in a High-Price World: Separating Signal from Noise.” The session will examine how capital providers, lenders, and operators are valuing energy assets in today’s elevated commodity price environment while keeping long-term fundamentals in focus. Panelists will discuss valuation assumptions, decline curves, financing structures, return thresholds, and strategies for managing downside risk during commodity price cycles.Bryce Erickson leads Mercer Capital’s energy industry practice and has more than 25 years of experience providing valuation and financial advisory services across the energy sector. Since 1998, he has led approximately one thousand engagements involving oil and gas companies, mineral and royalty interests, oilfield services businesses, and related energy assets for purposes including mergers and acquisitions, tax planning, litigation support, financial reporting, financing, and strategic planning. Bryce regularly publishes on oil and gas industry topics through Mercer Capital’s Energy Valuation Insights blog and is also a contributor to Forbes.com’s Energy sector.Mercer Capital works with energy companies, mineral and royalty owners, oilfield services businesses, investors, attorneys, accountants, and financial institutions on a broad range of valuation and advisory matters. The firm provides business valuation, asset valuation, transaction advisory, financial reporting valuation, and litigation support services across the energy industry, helping clients address complex financial and strategic questions with independent, well-supported analysis.Through its participation in the conference, Mercer Capital looks forward to contributing to discussions around valuation discipline, capital markets activity, and long-term value creation in the energy sector. Additional information about Hart Energy’s 2026 Energy Capital Conference is available on their website: Energy Capital Conference

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