Midstream Energy Deals Eclipsed Shale Plays In 2Q: Report

Law360, New York (July 27, 2012, 4:49 PM EDT) -- Oil and gas industry transactions have shifted from upstream shale deals to the midstream sector in the second quarter, with M&A focused on gathering and processing assets accounting for $15.8 billion, or 55 percent of total deal value, according to a report released Thursday by PricewaterhouseCoopers LLP.

Though natural gas prices are showing signs of an upward trend, futures for August delivery were trading near $3.03 per million British thermal units Friday, down from more than $15 in 2008.

The nearly 200 percent increase in midstream...
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