Record-Breaking Q3 U.S. Oil & Gas M&A Surges 250%

Updated outlook confirms accuracy of Drillinginfo’s M&A prediction Austin, TX (October 4, 2018) – Drillinginfo, the leading energy SaaS and data analytics company, reports that U.S. oil & gas M&A activity in Q3 2018 surged 250% over Q2 and broke all quarterly records dating back to Q4 2012.  The final tally for Q3 is $32 billion, up from $9.1 billion in Q2. As Drillinginfo correctly predicted at the beginning of July 2018, factors that led to the dramatic increase include: More than $50 billion of deals for sale as of July 1 largely by motivated sellers. More than $15 billion of private equity dry powder looking for rapid deployment. Mandates by Wall Street for public companies to focus on core-of-core to drive free cash flow. Elimination of the sub-$50 oil price risk with stable to higher pricing on the horizon. Consensus view of stable to higher oil prices. In a soon-to-be-released report, Drillinginfo findings show $32 billion in activity during 3Q 2018 which is 76% above the quarterly average of $18.3 billion dating back to 2009.  The highlight of the quarter was BP’s $10.5 billion strike to buy a portion of BHP’s U.S. onshore portfolio (Permian, Eagle Ford and Haynesville)… continue reading

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Source: CTRM Center

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