29.11.2016 - Oil and gas mergers and acquisitions are finally making a comeback
Oil and gas players are finally inking new mergers and acquisitions, after nearly two years of moribund deal activity. Deal-making hit a soft spot following the 2014 oil bust as banks tightened lending to distressed drillers and buyers and sellers remained at odds over the value of energy assets. Now, climbing crude prices, easing capital markets, and a gold rush in Texas's prolific Permian basin are thawing a prolonged M&A freeze. Through the first two weeks of November, upstream oil and gas deal-making hit $56.7 billion, compared with $26.8 billion seen in the same period last year...............................................Full Article: Source
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