February 2021, Vol. 248, No. 2

Features

CONSOLIDATION: Mergers and Acquisitions Embrace Oil Patch

By Richard Nemec, Contributing Editor  At the dawn of a new year, the U.S. macro-economy and capital markets had rebounded faster than expected in the second half of 2020, but the pace of recovery in the months ahead is still “highly uncertain” given COVID-19’s winter surge, Deloitte said in its oil and gas (O&G) outlook after the presidential election.   “Although the O&G industry is used to the highs and lows of economic and price cycles, this downturn seems unlike any other,” said the outlook, which was based on surveying 350 industry executives.  Uncertainty begets caution, which can lead to indecision. In the oil patch this eventually can lead to mer

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