Volatility Spooks Investors, Dealmaking Slows in Upstream American Oil and Gas
Mergers and acquisitions in the American upstream oil and gas sector slowed in Q2 as volatility across the equity and energy markets continues to rattle investors. The downturn in M&A activity follows a string of high-profile buyouts by major oil and gas companies in recent years, wrapping up with $192 billion in deals completed in 2023. Enverus Intelligence Research reports that the quarter ending June 30 recorded transactions totaling $13.5 billion, signifying a 21% decline quarter-on-quarter. Altogether, the first six months of this year saw $30.5 billion change ownership, marking a steep 60% plunge from the same period in 2024. …