Oil, Gas Deals Created $204B In 5 Years: Study

Law360, New York (May 15, 2008, 12:00 AM EDT) -- Mergers and acquisitions among oil and gas companies created $204 billion of value between 2001 and 2006, according to a new study by energy consulting firm Wood Mackenzie.

The study looked at 195 deals among 38 companies in which about $264 billion was spent and 84 billion barrels of oil changed hands, the firm said Thursday. The companies in the study included major international oil companies, independent oil companies, and Russian and Asian companies.

The main generator of new value through mergers and acquisitions has been...
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