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" ... In the US, a fairly efficient marketplace has arisen that enables buying, selling or swapping of actual or prospective reserves known as the “asset market” or the “A&D market.” Companies use A&D (acquisition and divestiture) transactions to gain access to reserves they want or exit reserves they no longer consider vital. Like atoms, DNA or Lego bricks, upstream companies from supermajors down to private equity-backed startups are formed of combinations and congeries of these asset packages. ... "