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 | 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)
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