Oil & Gas Deal Value Falls 88% In 1Q21 To $3.4B
Oil & Gas Deal Value Falls 88% In 1Q21 To $3.4B Despite decline, Pioneer’s historic DoublePoint buy has Q2 off to a strong start Enverus, the leading energy SaaS and data analytics company, has released its summary of 1Q21 U.S. upstream M&A activity. The report shows $3.4B in deal value was transacted during the quarter — an 88% decline from 4Q20. This is the third year in a row U.S. activity has started slow. Deals rallied in 2019 and 2020, and in 2Q21, activity has picked up with Pioneer Natural Resources’ $6.4B buyout of privately held DoublePoint Energy. Q1 deal activity largely foc...
Source: oilandgasonline.com