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$73 billion in mergers and acquisitions last quarter

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The first quarter of 2017 set a record with $73 billion in announced U.S. oil and gas mergers and acquisitions, nearly triple the same period last year, according to a recent report from the London consulting firm PricewaterhouseCoopers.

More companies also prepared last quarter to go public, signaling a potential increase in initial public offerings this quarter.

The year started “at a blistering pace,” said Doug Meier, the firm’s U.S. oil and gas deals leader.

Companies announced deals worth $49 billion in January alone — far and away the highest total of any first quarter since 2010, Meier said.

The report is a quarterly analysis of mergers and acquisitions. It includes discussion of public and private equity transactions, trends across the industry and trends across U.S. shale basins.

CLICK HERE TO READ THE ENTIRE ARTICLE BY THE ORIGINAL PUBLISHER


Written by David Hunn

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