A review of the current "state of the E&P business" may inspire an interesting sense of deja vu, according to Michael Bodino, managing director and director of energy research, Global Hunter Securities. The number of land deals in play, majors' interest in U.S. onshore positions and the kinds of plays commanding attention are just a few of today's dominant E&P trends—and opportunities— that were also around during the 1980s, he says. "We were definitely surprised to see that movies like 'The Karate Kid' and 'The Smurfs' were popular again, but, more importantly, we took note of what the 'hot areas' currently are, including the Permian Basin, Ap-palachia, and Cretaceous plays such as the D-J Basin and Austin Chalk," he told an audience at Oil and Gas Investor and A&D Watch's 10th Annual A&D Strategies & Opportunities conference.
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