Occidental’s Anadarko Acquisition Tops US Oil Deals Of Last Decade

Over the past decade, which saw both the shale land grab and one of the worst oil market crashes, the U.S. oil and gas industry experienced a whirlwind of deal-making with total dollar value reaching into the hundreds of billions.

However, the largest oil and gas deal in the U.S. of the decade is this past year’s acquisition of Anadarko Petroleum by Occidental Petroleum Corp., according to a new report published by energy data provider Enverus on Jan. 2.

In total, Enverus tracked $775 billion of U.S. oil and gas M&A this decade, with 73% spent on shale assets. Though by the end of the decade, asset buying has grown largely out of favor as E&Ps turn to corporate consolidation to meet investor demands that have emerged in recent years.