Bracewell’s Austin Lee told S&P Global that one dominant theme he sees for 2025 is an active market for assets that operators acquired in recent mergers but cannot use.
“As they settle in with these big, consolidated deals, they look to rationalize their portfolios, reprioritize what is core, what is noncore, and then they’ve got to pay for all these big consolidations and pay off debt by carving off things,” Lee said.
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