As pointed out numerous times while some in the fossil fuel industry are facing tough times others are doing great. Like those buying PROVED reserves for less then companies were spending to try to develop speculative reserves during the "boom". Thus the potential largest fossil fuel wealth transfer ever seen continues:
1Q Oil, Gas M&A Deals Hit Record $73 Billion
"Investors enter 2017 with renewed enthusiasm for oil and gas deals, pushing transaction value 160 percent above last year, but that excitement may be on the wane. Reassured by Donald Trump’s presidential agenda and the relative stability of oil prices once OPEC and non-OPEC countries settled on oil quotas, investors opened 2017 with a record $73.04 billion deals, according to findings by PwC.
The investment represents a 160 percent increase in mergers and acquisitions (M&A) deal value, year over year, which includes the return of foreign capital in U.S. shale assets. As for deal volume, 53 were announced during the first quarter, up 36 percent year over year."