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.
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