Q4 2020 Saw Jump In Oil & Gas Dealmaking

Oil and gas producers engaged in the most dealmaking of the year in the fourth quarter of 2020, according to analytics firm Enverus, Reuters reports. Deals worth $27.1 billion were had by oil and gas producers in the fourth quarter—a $ billion increase from the prior quarter. Bolstering the figures were three multi-billion-dollar acquisitions in the Permian basin, including Conoco’s substantial acquisition of Concho Resources for $13 billion, Pioneer Natural Resources acquisition of Parsley Energy for nearly $8 billion, and Diamondback’s…