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Tag: Development spending

Merger and acquisition activity in the US oil and gas industry increased 57% last year as the industry consolidated

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Merger and acquisition activity in the US oil and gas industry increased 57% last year as the industry consolidated

(adds working link in paragraph 2) By Nicole Jao NEW YORK (Reuters) – Oil and gas activity rose 57 percent last year as energy companies increased spending on development, fueled by higher cash flows from previous years’ profits, a report showed on Tuesday. According to a report by Ernst & Young, the largest energy companies […]

Merger and acquisition activity in the US oil and gas industry increased 57% last year as the industry consolidated

Posted on | Posted on Jasper | Leave a Comment on Merger and acquisition activity in the US oil and gas industry increased 57% last year as the industry consolidated
Merger and acquisition activity in the US oil and gas industry increased 57% last year as the industry consolidated

By Nicole Jao NEW YORK (Reuters) – Activity in the oil and gas industry rose 57 percent last year as energy companies increased spending on development, fueled by higher cash flows from previous years’ profits, a report showed on Tuesday. According to a report by Ernst & Young, the largest energy companies spent $49.2 billion […]