Strategic acquisitions of premier assets and the drive for efficiency and scale led to a stellar year for mergers and acquisitions in the U.S. oil and gas industry in 2024. Following a 331% surge in deal value to $206.6 billion last year, the number of the top publicly traded exploration and production companies in the American oil and gas sector has declined from 50 to just 40, Ernst & Young LLP said in a new study published this week. The wild swings in oil prices due to the U.S. trade policy and the Israel-Iran war added to emerging constraints for M&As, such as a lack of remaining attractive opportunities for the listed companies, especially in the Permian, said Andrew Dittmar, principal analyst at Enverus Intelligence Research (EIR).
Author: Tsvetana Paraskova
Published at: 2025-08-20 23:00:00
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