Oil & Gas Deals Already Soaring To Record Highs In 2017

Law360, New York (February 17, 2017, 2:40 PM EST) -- Global oil and gas deal-making skyrocketed to record highs at the outset of 2017 as the sector forges a turnaround in the wake of a wave of price instability that spurred a series of distressed sales, experts say.

The banner start to the year features 98 transactions targeting global oil and gas companies and assets, together worth $63.3 billion as of Feb. 13, according to Dealogic, which tracks the enterprise value of announced transactions. That $63.3 billion worth of deals stood out as the largest-ever year-to-date amount on record and almost four times the amount of activity seen during the same...

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