Commodity price volatility and broader economic concerns have stifled the market for oil and gas deals that saw a hot start to upstream oil and gas MA in 2023, analysts say. Despite a significant slump in natural gas prices since late last year and more recent shakiness in crude oil prices, first quarter transactions were approximately $8.7 billion, Andrew Dittmar, research director at Enverus Intelligence, told Hart Energy. That would rank as the sector's best start to the year since first-quarter 2018, he said.
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