06072020Sun
Last updateFri, 05 Jun 2020 3pm

End-User News

Energy M&A Activity in U.S. Down Big in First Quarter

Enverus has released its first quarter summary of M&A activity, which revealed a substantial collapse as oil prices plunged to 18-year lows. Only $770 million in U.S. upstream deals were completed during the first quarter of 2020—less than one-tenth of the ~$8 billion average for Q1 from 2010-2019. Virtually all deal activity occurred before the global COVID-19 pandemic and production hike from Saudi Arabia slammed markets in early March.

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