Upstream M&A activity decelerated at the end of last year as oil price volatility and uncertainty returned to the market with a vengeance(EIF Nov.28'18).Nevertheless,the fourth quarter of 2018 was notable for further consolidation in US tight oil plays,with corporate takeovers of publicly listed shale producers accounting for four of the top six deals.Aggregate global transaction value for the quarter fell to around $30 billion after topping $45 billion in the previous quarter-according to the 1 Derrick database.The number of deals valued at $100 million or more dipped to 29 from 42,taking that metric to its lowest level since the second quarter of 2015.
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