The value and volume of U.S. upstream oil and gas deals fell in the first quarter of the year as companies focused on mature plays and are still watching and waiting for opportunities to snap up undeveloped acreage in the Permian. As market talk about the next wave of mergers and acquisitions in the U.S. shale patch intensified, research showed that 2023 picked up where 2022 left off – with fewer deals with a lower total value. M&A activity could pick up pace later in 2023, and the first-quarter underwhelming deal-making tally…
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