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> America's Oil & Gas deals rose by 40% in v...
America's Oil & Gas deals rose by 40% in value in last quarter
31 Jul 2014
Oil and gas
deals rose in value by 40% in the second quarter across the United States in 2014.
There were 54 oil and gas deals worth $42.2billion in the second quarter, compared to 47 deals worth £30.3 billion in the same period in 2013.
Fifteen of those deals included foreign buyers and a handful of foreign sellers, together worth a total $8.5 billion, much higher than the same period last year, which had one foreign deal worth $590 million.
The resurgence has been led by Canadian oil companies along with other foreign buyers who are more interested in oil and gas production sites that have been in operation for a while as opposed to land where projects have to start from their initial phases.
Much of this activity can be attributed to the US’ major
in areas such as Texas and North Dakota.
The Eagle Ford
in South Texas made a significant impact on the figures, reaching six deals in the quarter totaling $6.9 billion.
Click here for Spencer Ogden's current live roles across the American Oil & Gas sector