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Alex Barinka and Matthew Monks: Oil and Gas Explorers Headed for IPO Are Finding Buyers Circling

As oil prices stabilize and confidence returns to the patch, there’s been an uptick in oil and gas companies filing to go public. With prized assets in the industry’s promised lands, not all of them make it that far.
In the past month alone, two explorers that were headed for an initial public offering have instead become prey for acquirers: Brigham Resources Midstream LLC agreed to be acquired by Diamondback Energy Inc. for a total deal value of $2.43 billion, while Gulfport Energy Corp. agreed to buy acreage from Vitruvian II Woodford LLC.

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