Analysis of the key themes driving M&A activity reveals that shale accounted for 21 oil & gas deals announced in Q1 2023, worth a total value of $9.5bn. The $2.5bn acquisition of Ranger Oil by Baytex Energy was the industry’s largest disclosed deal. GlobalData’s United States of America (USA) Lower 48 Unconventional Oil and Gas (Major Shale Plays) Market Analysis and Forecast, 2021-2026 report provides a comprehensive analysis of crude oil and natural gas historical production in US L48 shale plays. It includes deatials on the latest M&A activity across major shale plays and top companies’ net acreage, and planned capital expenditures. Buy the report here.
In value terms, shale-related deal activity decreased by 23% in Q1 2023 compared with the previous quarter’s total of $12.4bn and fell by 38% as compared to Q1 2022. Related deal volume decreased by 42% in Q1 2023 versus the previous quarter and was 60% lower than in Q1 2022.
The top-ranked financial advisors supporting these M&A deals in Q1 2023 were Royal Bank of Canada; Canadian Imperial Bank of Commerce; Citigroup with 5, 2, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2023 were Vinson & Elkins; Kirkland & Ellis; Haynes and Boone with 5, 3, 2 deals respectively.
For further understanding of GlobalData's United States of America (USA) Lower 48 Unconventional Oil and Gas (Major Shale Plays) Market Analysis and Forecast, 2021-2026 buy the report here.
