HP Impact: Divestitures drive US oil and gas deal activity
For the three month period ended June 30, 2013, there were a total of 39 oil and gas deals with values greater than $50 MM, accounting for $17.2 billion in deal value.
Divestitures drove US oil and gas merger and acquisition (M&A) activity in the second quarter of 2013, according to PwC US. While second quarter deal volume and value decreased 26% and 43%, respectively, compared to the second quarter of 2012, interest in energy M&A transactions remained robust.
For the three month period ended June 30, 2013, there were a total of 39 oil and gas deals with values greater than $50 MM, accounting for $17.2 billion (B) in deal value, a decrease from the 53 deals worth $30.4 B in the second quarter of 2012. On a sequential basis, deal volume in the second quarter dropped by 5% compared to the first quarter of 2013, with deal value falling by 37% during the same
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Construction Boxscore: Project Spotlight
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