Oil and gas companies will spend about $450 billion buying each other this year.
Commodity price uncertainty will continue to influence transaction decisions in 2015 as companies seek financial resilience.
A major focus of cuts has been U.S. shale properties, given the typically high degree of flexibility in shale budgets, Fitch Ratings says.
Calgary's Encana has about $6.6 billion stockpiled from recent divestures, according to analysts.
In the U.S., all roads lead to gas, says Munich-based Siemen chief executive.
Exxon Mobil, Shell and Chevron have the capacity to acquire BG, says analyst.
Retaining the Montney acreage removes the biggest asset on the block to supply proposed liquefied natural gas plants on the Pacific Coast.
In the upcoming year, industry executives are optimistic about the prospects for additional production from unconventional resources, but are concerned that increased regulations could slow growth.
Apache (with 40% share) leads this $15 billion venture in partnership with Encana Corp. and EOG Resources Inc. (with 30% stake each).
Two $7 billion leveraged buyouts in 90 days signal private equity’s hunt for domestic oil and gas assets is heating up.
Quantum Energy's Bill Montgomery: “By our count, 12 to 15 of the larger energy-focused funds are out there raising what could add up to $15 to $20 billion."
Total deal value in 2011 dropped 19% from 2010 record levels, yet the number of deals increased 15% to a record of 726.
|E&P||USD 200||Members only||WPX Energy Inc.|
|E&P||USD 108||Members only||Whiting Petroleum Corp.|
|E&P||CAD 430||Members only||Surge Energy Inc.|
|E&P||USD 0||Members only||Aethon Energy Management LLC|