M&A is going to be bananas in the O&G over the next 24 months.

Locally,

Chk has too much debt they’ll just continue to operate.
CLR will either buy someone or hold serve. Hamm owns too many shares for Wall Street or PE to have an effect.

DVN is likely going to get bought or merge. (Marathon/EOG, they have highly similar assets. Scale would help.) That’s an 80% chance. 20% chance they buy someone.

Chaparral, Roan, SD will all get bought up. Roan is actively being marketed.

Gulfport will keep just chugging along.

The smaller PE backed guys like Echo, ascent, revolution will likely stay private. They might jump up and take out a SD as a reverse merger, helps avoid an ipo and all the fees associated with that. Plus Wall Street hates hates hates O&G right now.