OEF Rapid Review
PwC Q2 report:
·$37.01 billion was the third-highest Q2 value of the past 8 years for U.S. O&G mergers and acquisitions.
· Upstream sector led with 29 deals, accounting for 58% of the total deals volume, worth $19.98 billion.
· Shale accounted for 21 deals worth $17.13 billion, a 124% year-over-year increase in deal value.
· Big rise in activity in low-cost gas basins, particularly in the Marcellus, where four deals took placed totaling $10.22 billion.
· Downstream activity was the strongest since Q2 2014.
· E&P portfolios: companies raising cash by divesting non core assets, sometimes redeploying it into investments in core basins.
LINK TO THE SOURCE ARTICLE:
US Oil&Gas Mergers And Acquisitions Activity Stays High
