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    Home > Chemicals Industry > Chemical Technology > U.S. oil and gas M&A activity surged 250% sequentially in Q3

    U.S. oil and gas M&A activity surged 250% sequentially in Q3

    • Last Update: 2022-11-26
    • Source: Internet
    • Author: User
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    According to the latest data provided by Drillinginfo, which provides software and data analysis services to the energy industry, oil and gas merger and acquisition activity in the United States soared to $32 billion in the third quarter, a significant increase of 250%
    from $9.
    1 billion in the second quarter.

    U.
    S.
    oil and gas M&A activity surged 250% sequentially in the third quarter, reflecting large upstream deals by oil and gas companies, including BP plc's $10.
    5 billion acquisition of Petrohawk Energy, a U.
    S.
    subsidiary of Australian mining and oil giant BHP Billiton, to increase its onshore assets
    in the Permian, Eagle Ford, Fayetteville and Hynesville vistas.

    Permian Vision focused Diamondback Energy acquired Energen in a $9.
    2 billion all-stock deal in the third quarter, and Chesapeake Energy sold its shale assets
    in the Utica Vision to Encino Acquisition Partners in the third quarter.

    Drillinginfo said U.
    S.
    oil and gas M&A activity in the third quarter broke the record
    high set in all quarters since the fourth quarter of 2012.
    That's also 76 percent
    higher than the quarterly average of $18.
    3 billion for all of 2009.

    According to the latest data provided by Drillinginfo, which provides software and data analysis services to the energy industry, oil and gas merger and acquisition activity in the United States soared to $32 billion in the third quarter, a significant increase of 250%
    from $9.
    1 billion in the second quarter.

    petroleum

    U.
    S.
    oil and gas M&A activity surged 250% sequentially in the third quarter, reflecting large upstream deals by oil and gas companies, including BP plc's $10.
    5 billion acquisition of Petrohawk Energy, a U.
    S.
    subsidiary of Australian mining and oil giant BHP Billiton, to increase its onshore assets
    in the Permian, Eagle Ford, Fayetteville and Hynesville vistas.

    U.
    S.
    oil and gas M&A activity surged 250% sequentially in the third quarter, reflecting large upstream deals by oil and gas companies, including BP plc's $10.
    5 billion acquisition of Petrohawk Energy, a U.
    S.
    subsidiary of Australian mining and oil giant BHP Billiton, to increase its onshore assets
    in the Permian, Eagle Ford, Fayetteville and Hynesville vistas.

    Permian Vision focused Diamondback Energy acquired Energen in a $9.
    2 billion all-stock deal in the third quarter, and Chesapeake Energy sold its shale assets
    in the Utica Vision to Encino Acquisition Partners in the third quarter.

    Permian Vision focused Diamondback Energy acquired Energen in a $9.
    2 billion all-stock deal in the third quarter, and Chesapeake Energy sold its shale assets
    in the Utica Vision to Encino Acquisition Partners in the third quarter.

    Drillinginfo said U.
    S.
    oil and gas M&A activity in the third quarter broke the record
    high set in all quarters since the fourth quarter of 2012.
    That's also 76 percent
    higher than the quarterly average of $18.
    3 billion for all of 2009.

    Drillinginfo said U.
    S.
    oil and gas M&A activity in the third quarter broke the record
    high set in all quarters since the fourth quarter of 2012.
    That's also 76 percent
    higher than the quarterly average of $18.
    3 billion for all of 2009.
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