Corporate deals drive U.S. Oil & Gas M&A to 4-year record before year-end stall

$84 billion in 2018 highest since $101 billion in 2014 Austin, TX (January 8, 2019) – Drillinginfo, the leading energy SaaS and data analytics company, announces that U.S. upstream oil & gas M&A clocked in at $84 billion in 2018 for the highest total since oil prices fell from their peak in late 2014. Large billion dollar plus deals fueled the surge in the back half of the year with a record-setting $32 billion in 3Q18 and $21 billion in 4Q18. BP’s transformational $10.5 billion buy of most of BHP’s shale assets is the largest deal of the year and fourth largest since 2009. The deal underpins BP’s strategy to roll-out BPX as an independent and leading US shale player. The year also ran a close tie with 2014 for the most public company consolidations with RSP Permian, Energen, Newfield, WildHorse and Penn Virginia leading the exit list in 2018. As Drillinginfo predicted in July 2018 the pace of consolidation picked up late in 2018 with corporate-level deals accounting for over 70% of the $21 billion total deal value in 4Q18. That is the highest quarterly corporate deal total since 3Q14. “Investors continue to demand that companies deliver a clear… continue reading

Continue reading Corporate deals drive U.S. Oil & Gas M&A to 4-year record before year-end stall. This article appeared first on CTRM Center.

Source: CTRM Center

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