Shale Consolidation: July Saw Smaller M&A Deals and Speculation on Shell's Permian Plans

Journal of Petroleum Technology 

Oil and gas executives across the North American shale sector are continuing to come to the table and negotiate a steady stream of deals to consolidate portfolios. During the second quarter, the deal making amounted to more than $33 billion in mergers and acquisitions, according to data from Enverus. The energy-focused analytics firm said last month in its quarterly review the combined figure represents more than 40 deals, with seven of them topping $1 billion each. The third quarter has so far not seen any announced transactions surpass the $1-billion mark. Instead, most deals struck in July were between mid-sized and small US-based operators.

  Country: North America > United States > Texas (1.00)
  Geologic Time: Phanerozoic > Paleozoic > Permian (0.31)
  Industry: Energy > Oil & Gas > Upstream (1.00)

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