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A new kind oil & gas consolidation

"Most people expect that if the industry goes through a consolidation, bigger players will certainly realize some efficiencies but they are not likely to drill as aggressively as smaller independents," said energy fellow Mark Finley. "The business model was ‘drill baby drill.’ It was all about growth. The business model going forward is not going to be about growth, it’s going to be about returns and efficiency.”  Read more at Energy Intelligence (subscription required).