Merger Mania Is Back In North America’s Oil Patch ...Middle East

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Merger Mania Is Back In North America’s Oil Patch
source : OILPRICE ( Middle East ) () 24
The oil and gas industry is back in consolidation mode after a low point in the spring of 2020 during the worst of the oil price and demand collapse. The pace of upstream mergers and acquisitions is back to pre-crisis levels. And it is North America that leads the consolidation drive as shale firms look to lower costs, use synergies, boost cash flows, and give more money back to shareholders.   Analysts expect the consolidation in the U.S. shale patch to continue after deal-making accelerated in the second quarter of 2021. U.S. exploration…

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