Permian to retain US deal-making lead
A Q4 M&A upswing proved there are still consolidation opportunities and the Texas/New Mexico basin will remain the hotspot
Most US oil and gas corporate transactions focused on the Permian basin over the past year, and this trajectory looks unlikely to change in 2021. In a still relatively subdued oil price environment, companies will likely continue targeting cost synergies and high-quality inventory when considering possible takeovers or mergers. Volatile market conditions triggered by the Covid-19 pandemic had a dramatic impact on E&P consolidation across the US shale patch. Last year, corporate deals fell to their lowest aggregate since at least 2006 and slumped to their worst combined valuation in five years, at just $52bn. But across improving economic conditions in the final two quarters, transactions

Also in this section
13 June 2025
US policies may have lasting effects in sectors such as energy, that rely on predictable rules and long-term planning
13 June 2025
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
13 June 2025
CEO argues the upstream potential remains huge as analysts question future oil production for Canadian province’s offshore industry
13 June 2025
The country is facing energy shortfalls this summer amid reduced Iranian gas imports and difficulties leasing an FSRU