The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion or higher to pop up in the next two years.
However, as a wave of consolidation sweeps the sector, the U.S. Federal Trade Commission (FTC) has taken a sharper look at energy deals of late.
Below is a list of deals in the U.S. oil and gas sector so far this year:
Target | Acquirer | Deal value (in USD) | Deal type | Closing date |
Callon Petroleum | APA Corp | 4.5 bln | All-stock | Q2, 2024 |
Southwestern Energy | Chesapeake Energy | 7.4 bln | All-stock | Q2, 2024 |
QuarterNorth Energy | Talos Energy | 1.29 bln | Cash & stock | End of Q1, 2024 |
NuStar Energy | Sunoco | 7.3 bln | All-stock | Q2, 2024 |
Reporting by Mrinalika Roy in Bengaluru; Editing by Shweta Agarwal – Reuters
This article was originally posted at sweetcrudereports.com
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