Buyers have upper hand in M&A market

PLS Inc.'s phones are ringing. Inbound questions fielded almost on a daily basis are along the lines of: 1) What's the value of production in X, Y, or Z? 2) Is there value in the acreage? 3)Where are the unloved assets? 4) If I sell, can I expect a valid offer? 5) Should I pay for PUDs?

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