M&A activity in oil and natural gas sector falls with prices
Thursday, June 29, 2017
by Matt Warnock
Mergers and acquisitions among U.S. oil and natural gas exploration and production companies fell to less than $15 billion in the second quarter of 2017, down from about $23 billion in the prior quarter, according to Bloomberg. The news service says the number of deals fell to their lowest level since early 2015, as oil prices dropped to around $45 a barrel and prices for natural gas are down by more than 20 percent for the year. For more, read the full story.