US oil and gas M&A outpace other sectors

摘要

Washington-Merger and acquisition activity last year in the US oil and natural gas industry outpaced the overall US deal market, boosted by improving macroeconomic conditions, stabilizing commodity prices and increased corporate confidence, consulting firm PwC said February 1. PwC added that the "huge supply of shal gas in the continental US was a key driver fo increased M&A activity in 2010 and will continue to fuel the industry's movement toward upstream assets as the climate for deepwat investments in the Gulf continues to remain uncertain."