Price Stabilization, Private Equity Engagement to Bolster Oil & Gas M&A Activity
David Castro and Chris Heasley discuss developments related to price stabilization and private equity engagement in oil and gas M&A deals.
"Uncertainty about crude oil pricing and related bid/ask spreads (the difference between the highest price a buyer is willing to pay for an asset and the lowest price that a seller is willing to accept to sell it) created a thin mergers and acquisitions market during the last 12 months, forcing many companies to adopt a “wait-and-see” approach."
This article appeared in its entirety in the October 4, 2018 edition of Bloomberg Environment & Energy Report.