M&A Activity may surge in Q3

[dan_s]

Oil, gas deal surge likely in coming months per San Antonio Express News 7/12/2018.

"U.S. oil and gas acquisitions should surge in the second half of the year following a spring lull, with upwards of $50 billion in new deals anticipated as more companies aim to grow in Texas shale, according to a new report. With most of the land in the booming Permian Basin already snapped up and oil hovering just below $75 a barrel, companies that want to expand in the West Texas oil field will have to make deals to acquire other companies, the report said. International oil companies looking to grow in the U.S. and private equity firms hoping to cash in on rising crude have billions to spend, said Austin-based Drillinginfo, a leading oil and gas research and analytics firm."