U.S. financial sources reported that merger and acquisition activities in the oil and gas industry increased in the second quarter of 2014, mostly due to deals related to shale plays. Approximately 54 oil and gas deals were reported, for a combined $42.2 billion value.
In a report published by Pricewaterhouse Coopers, LLP, shale deals increased $7.7 billion over the same time period of 2013. The increased interest in shale plays is based on the success companies are achieving with new technology and new drilling methods. These new industry techniques allow oil and gas to get to market more quickly.
The Eagle Ford region in south Texas saw the most deals, with six deals reported worth $6.9 billion, followed by the Niobrara shale in Colorado, Nebraska, and Wyoming, and the Permian Basin in west Texas and New Mexico.
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