Monday, December 16, 2024
U.S. oil mergers surge as energy, share prices recover from pandemic- oil and gas 360

U.S. oil mergers surge as energy, share prices recover from pandemic

Reuters HOUSTON – U.S. oil and gas mergers surged last quarter with the most $1 billion plus combinations since 2014, according to data released on Monday, as rising energy and share prices led to larger oilpatch deals. Producer are consolidating in U.S. shale as oil and natural gas prices recover from last year’s pandemic swoon and this month traded at