Mergers and acquisitions in the upstream segment of the U.S. oil and gas industry hit $3.4 billion in the first quarter of the year, Reuters has reported, citing data from Enverus, the energy consultancy. The value of the deals in the first quarter compares with $600 million for the first quarter of 2020 but is less than the $27.
8 billion in deals recorded for the fourth quarter of 2020. The five biggest deals last quarter involved a private company, Enverus noted in its report. These included Pioneer Natural Resources’ $6.4-billion acquisition…M&A In U.S. Oil And Gas To Hit $3.4 Billion In Q1 2021
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