Here’s a snapshot of energy deals from the past week including the sale of Enbridge’s Ozark natural gas pipeline transportation and gathering systems in the southeastern U.S.
There’s a debate on the degree of synergies realized in M&A between oil and gas companies. Commodity volatility hasn’t helped.
Although the industry learned a lot during the last downcycle, oil and gas companies won’t have the same access to capital in the latest slump and will likely only be able to invest the cash they generate.
Here’s a snapshot of energy deals from the past week including the sale of Ovinitv properties in the Williston Basin plus a $100 million dropdown of a gathering system in the Permian Basin.
Increasingly, E&P mergers are drawing shareholder pushback—unless for a low or no premium.