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
7 May 2024
Ample stocks and a soft demand outlook will limit how much LNG Europe can import this year
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well