Analysis

Oxy's $55B Anadarko Megadeal Doesn't Mask Oil M&A Slump

Law360 (December 17, 2019, 4:26 PM EST) -- Occidental Petroleum's $55 billion acquisition of Anadarko Petroleum was a true blockbuster, but even that megamerger couldn't hide the fact that 2019 was a tough year to strike a deal in the oil and gas sector.

With investors largely reluctant to open their wallets for new spending related to oil and gas drilling amid volatile oil prices, the anticipated wave of upstream consolidation was more of a ripple. Meanwhile, sellers of drilling assets found few takers.

The midstream oil and gas sector fared better, fueled by a deal-making surge in drilling water services. And there was no shortage of cash for...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!