Acquisitions & Divestitures

PLS Inc.’s and Derrick Petroleum Services’ October M&A report show an increase in U.S. and Canadian E&P deals. Global M&A activity for the third-quarter 2009 totaled nearly $21 billion in 112 separate transactions, the firms reported.

According to Brian Lidsky, managing director of research at PLS Inc., “Oil and gas deal volume increased markedly beginning in late August 2009 due to a confluence of events.”

Those events included a growing consensus that the economy bottomed in the second-quarter 2009 and that economic recovery is now underway, as well as a ...