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U.S. Upstream Oil & Gas Dealmaking Falls Again Amid Low Oil Prices
Yahoo Finance·2025-10-23 04:00

Mergers and acquisitions in the U.S. upstream oil and gas sector fell for a third straight quarter, marking an end to blockbuster takeovers seen in recent years amid persistently low energy prices. According to Enverus Intelligence Research, deals worth 9.7billionwereclosedinthethirdquarter,markinga289.7 billion were closed in the third quarter, marking a 28% drop from the second quarter and putting the current year far below the record 192 billion recorded in 2023. U.S. crude futures averaged ~ $65 a barrel during the third quarter, around the level ...