Top

3 Oil & Gas Producers That May Be Taken Out In 2018

January 12, 2018

Via: Forbes

Mergers and acquisitions in the oil and gas exploration and production sector hardly had a break-out year in 2017. According to oil and gas information provider 1Derrick, total U.S. transaction value reached $64 billion, about on par with 2016 and the 2008-2015 average of $69 billion.

However, strengthening industry fundamentals (including tightening inventories leading to higher oil prices) and private equity trends (firms committed $11 billion to 63 new companies last year) suggest another round of dealmaking and consolidation is coming, the firm said. “Very few of these new companies have made their first acquisitions,” 1Derrick COO Mangesh Hirve said in a statement.

Read More on Forbes