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The global upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus shifting to shale plays in U.S. other than the Permian Basin, analysts at Rystad Energy said in a report.
Potential deals-in-waiting include the Bakken’s Grayson Mill Energy, EQT's remaining non-operated Marcellus portfolio and some Shell and BP assets in the Haynesville, Rystad said.
So far this year, the global upstream oil and gas market has seen more than $64 billion in mergers and acquisitions, and the year could still see more mega-deals according to a recent Rystad analysis
M&A activity in the global upstream industry has already crossed the $64 billion mark this year, most of it focused around the U.S. shale patch. The Permian Basin, which spans across western Texas and southeastern New Mexico, has been the focus for most deals in the year, with companies vying to get a hold of assets located in the patch. Other shale plays in the U.S. are also set to attract significant investments, with about $41 billion worth of non-Permian opportunities on the market, according to the report, like the potential sale of Exxon Mobil's Bakken portfolio in North Dako...
(Reuters) - The global upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus shifting to ...