Smart Money - Strong Returns, Low Costs Attract Investors and Consolidators to Mineral/Royalty Firms
RBN Energy Blogcast · Tom Biracree
July 31, 202512m 2s
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Show Notes
U.S. E&Ps’ strategic shift from growth at any cost to a laser focus on cash flows to fund shareholder returns revitalized their investor base. But that strategy has been challenged as crude oil prices have eroded since their mid-2022 peak, with producers struggling to balance the need to maintain output and the pressure to sustain dividends. In today’s RBN blog, we’ll see how things are going with the oil and gas companies that bear no responsibility for the costs and complications associated with the finding, development and production of hydrocarbons — the entities that own mineral and royalty interests.