With the industry’s collective anxiety rising with every rig that is stacked, it might be time to recall that energy investing is not just about swimming upstream.

“We’re actually expecting to see an uptick in midstream M&A activity because it’s an asset class where there are a lot of E&P owners of their own midstream assets,” Duff & Phelps Managing Director Jim Rebello told Midstream Business during an interview with three of the financial advising firm’s senior executives.