Upstream M&A descends to $12 billion in 3Q24

Barchart · 10/16 09:52

High asset prices and fewer targets hinder deals

CALGARY, AB, Oct. 16, 2024 /PRNewswire/ -- Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 3Q24 upstream M&A activity. Following 12 months of heightened consolidation in oil and gas, the pace of deals significantly slowed in the third quarter of 2024 with $12 billion in announced deals, the lowest quarterly total since 1Q23.

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