February 2011, Vol. 238 No. 2

Business Meetings & Events

Oil, Gas Brightened 2010 M&A Picture

Oil and gas proved a bright spot in the 2010 merger and acquisition landscape, according to Ernst & Young. Total industry transaction value topped $266 billion, up 33% from 2009. Total deal activity was up 13% from 2009, with deals reported having values that were up 2%. Midstream deals were up 71% to $25 billion. The total number of transactions in the segment was 57, up 4% from 2009. Availability of capital, strong oil prices, and an emphasis on portfolio rationalization to position companies for the next market cycle drove the increases in 2010. For 2011, with gas prices depressed, investors will be looking for gas plays with strong liquid content while ongoing regulator

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