Surging M&A Activity Suggests Worst Finally Over for Oil

December 2016, Vol. 243, No. 12

By Nick Cunningham, OilPrice.com

The second half of 2016 is shaping up to be one of the most active for M&A activity in the U.S. oil and gas industry, a sign that companies and investors are growing confident the worst of the more than two-year downturn is over. According to new data from the EIA, the value of the average M&A deal in the fourth quarter is set to be the highest in years. In the third quarter, there were 93 M&A announcement across the U.S. oil patch totaling $16.6 billion. In other words, the average deal was worth…

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