Merger Mania Isn’t Over In America’s Shale Patch ...Middle East

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Merger Mania Isn’t Over In America’s Shale Patch
Bonanza Creek Energy (BCEI.N) and Extraction Oil & Gas (EH4.MU) announced a merger this Monday, in an all-stock deal of $2.6 billion, forming one of Colorado's largest oil and gas drillers. We’ve seen several mergers over the last year, many established as a means to weather the storm after a year of decreased demand and oil prices that sent several small firms spiralling into debt.  Following the merger, Bonanza and Extraction shareholders will hold 50 percent each of the company, with the deal set to be finalised in Quarter 3 of…

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