Expect Surging Oil And Gas Industry Under New Trump Admin

Throughout his recent campaign, President-elect Donald Trump promised increased oil and natural gas production, "energy independence," reduced energy costs and reduced reliance on renewable energy.

While the exact plan for how this is all to be accomplished remains under development, as executive orders, presidential proclamations and general strategy are being prepared and refined, markets have already responded favorably to the prospect of a second Trump presidency.

The oil and gas industry can expect an increase in M&A activity, accelerated federal permitting, and attempts at selective rollbacks of Inflation Reduction Act measures and tax incentives favoring renewable energy.