While the value of mergers and acquisitions in the oil and gas sector in Q2 was greater than in Q1, they are still unremarkable, considering that almost 90% of the M&As in the sector was a single deal, according to data released by Drillinginfo on Tuesday, cited by Reuters . Without the Occidental/Anadarko tie up, Q2 M&A in the US exploration and production companies sector reached just shy of $8 billion—the mega merger accounted for the remaining $65 billion. That less than $8 billion in oil deals in Q2 is about half of the $19 billion quarterly average seen across 2017 and 2018, the Drillinginfo data showed, as lenders cinch tighter their purse strings to sector players, and as investors clamor for companies to dig deep into their pockets to return money to shareholders rather than to amass additional assets. Global mergers and acquisitions in this sector as of […]