Drillinginfo analysis finds that U.S. M&A deal value rebounded to $65 billion in the second quarter, driven largely by the Oxy-Anadarko deal. Coming off a 10-year low in the first quarter , U.S. mergers and acquisitions (M&A) deal value rebounded to $65 billion in the second quarter, according to a report released Tuesday from Drillinginfo. But do not misinterpret that as a recovery. One deal in particular, Occidental Petroleum Corporation’s acquisition of Anadarko Petroleum Corporation , represented 88 percent of total deal value in second quarter. This is the fourth-largest upstream oil and gas deal ever. But Oxy-Anadarko deal aside, second quarter M&A value had a modest rebound of $7.6 billion. While this was almost four times the first quarter’s $2 billion, it’s still far less than the average quarterly total of $19 billion seen in 2017-2018. “Occidental dominated headlines this quarter with assertive maneuvering to beat out much […]