Mergers and acquisitions in the US shale patch are the key to better returns and improved cash flows because they can help reduce operating costs for shale firms, according to Ben Dell, managing partner at Kimmeridge Energy Management. Dell sees more than 40 companies in the Permian Basin that would make great takeover targets and eight drillers in Colorado's Niobrara field that could lower expenses by more than $1 billion if they agreed to merge.
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