Oil And Gas Mergers Are Finally Making A Comeback
After going through an acute dormant phase for almost two long years, the field of Oil and Gas has again begun to see new developments on the mergers and acquisitions front. The dormant phase had been a result of the oil bust in around 2014, when a lot of banks had tightened the lending processes. This resulted in the various distressed drillers, buyers and sellers to remain at odds over the impending value of energy assets. But now, the tables seem to be gradually turning, what with the gold rush in Texas’ prolific Permian basin as well as the rising prices of crude oils, with an easing of the capital markets, have together resulted in the thawing of the persistent M&A freeze. The first two weeks of November saw a great upstream of oil and gas deal making, reportedly about $56.7 billion, as opposed tot he sluggish $26.8 billion, which was seen at the same time last year. While there have been a few deals, that have made headlines, these are especially in the midstream...