A Wave Of Stranded Oil Assets Is Coming To The U.S. Shale Patch

The coronavirus crisis and the crash in oil prices has unleashed a new wave of mergers and acquisitions (M&A) in the industry, most evident in the U.S. shale patch.  But the wave is inclusive only of prime assets, leaving other less attractive assets in limbo. The consolidation in the oil and gas sector may be well underway, but attractive assets and merger partners could be in short supply as prospective buyers – whose numbers are considerably lower than the number of assets up for sale – have become increasingly picky about…

via OilPrice

Categories: Energy