Energy Markets
Dealmaking in US Upstream Oil and Gas Falls as Volatility Rages Investors
Enverus, an analytics firm, said that the volatility in energy and equity markets scared investors during the second quarter. This slowed the pace of mergers, acquisitions, and divestitures in the U.S. Upstream Oil and Gas sector. The decline in dealmaking comes after a string of massive takeovers of oil and gas companies in recent years. These deals culminated in $192 billion in 2023. There were $13.5 billion worth of deals disclosed in the quarter ended June 30, marking a 21% drop quarter-over-quarter, Enverus said. In the first half of 2025, a total of $30 billion was exchanged. This is a...