1Q Oil, Gas M&A Deals Hit Record $73 Billion

21 Apr 2017   USA

Investors enter 2017 with renewed enthusiasm for oil and gas deals, pushing transaction value 160 percent above last year, but that excitement may be on the wane. Reassured by Donald Trump’s presidential agenda and the relative stability of oil prices once OPEC and non-OPEC countries settled on oil quotas, investors opened 2017 with a record $73.04 billion deals, according to findings by PwC. The investment represents a 160 percent increase in mergers and acquisitions (M&A) deal value, year over year, which includes the return of foreign capital in U.S. shale assets. As for deal volume, 53 were announced during the first quarter, up 36 percent year over year. And yet despite all of this, PwC said there are signals the tide is starting to turn. Commodity prices retreated during the middle of the first quarter and oil and gas equity index declines may have tempered investor exuberance. “As the […]

Tags:

Comments are closed.