Power Deals Up, Oil Deals Down In Q2, PwC Finds

Law360, New York (August 6, 2013, 6:27 PM EDT) -- While dealmaking in the U.S. oil and gas industry dropped in both volume and value during the second quarter compared to a year earlier, transactions in the power sector were more abundant and lucrative, according to a pair of reports released Tuesday by PriceWaterhouseCoopers LLP.

There were 39 oil and gas deals completed in the second quarter worth more than $50 million and worth a combined $17.2 billion, a decrease from the 53 deals worth $30.4 billion in the second quarter of 2012, according to PwC....
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