US Oil and Gas M&A Activity Hit $69B in 2016

Dealmaking in the U.S. oil and gas sector rebounded strongly in 2016, as buyers scooped up prime acreage that can produce at a profit while crude prices are low, according to a new report.

Mergers and acquisitions activity in the oil patch hit $69 billion last year, more than doubling the total in 2015, according to data compiled by Houston-based oil and gas research firm PLS. That marks a sharp reversal after total deal value slumped 62 percent in 2015.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza