Oil and gas producers engaged in the most dealmaking of the year in the fourth quarter of 2020, according to analytics firm Enverus, Reuters reports.
Deals worth $27.1 billion were had by oil and gas producers in the fourth quarter—a $ billion increase from the prior quarter.
Bolstering the figures were three multi-billion-dollar acquisitions in the Permian basin, including Conoco’s substantial acquisition of Concho Resources for $13 billion, Pioneer Natural Resources acquisition of Parsley Energy for nearly $8 billion, and Diamondback’s acquisition of QEP Resources and Guidon Operating for $3 billion.
Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.