Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Hazloc Heaters
Copper Tip Energy Services
Copper Tip Energy
Hazloc Heaters


More U.S. Energy Deals Likely in 2024 in Wave of Consolidation


These translations are done via Google Translate
The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon.

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.

Tarco | Delivering Engineered Solutions
ROO.AI Oil and Gas Field Service Software
GLJ

Below is a list of deals in the U.S. oil and gas sector so far this year:

Target Acquirer Closing Date Deal Value
Callon Petroleum APA Corp. Q2, 2024 4.5 billion
Southwestern Energy Chesapeake Energy Q2, 2024 7.4 billion
QuarterNorth Energy Talos Energy End of Q1, 2024 1.29 billion
NuStar Energy Sunoco Q2, 2024 7.3 billion

(Reporting by Mrinalika Roy in Bengaluru; Editing by Shweta Agarwal)



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE