This update on the oil and gas industry includes a discussion of the M&A landscape for the exploration and production (E&P) sector, a case study on an upstream joint venture (JV), transaction drivers in the oilfield services (OFS) industry, and the M&A landscape for OFS.
M&A activity for the E&P sector hit its peak of the past five years in 2008 and then fell during the global economic recession. However, confidence has returned to the M&A marketplace.
Unconventional natural gas resources were the primary target and driver of M&A activity in North America over the past three or more years. In addition, the OFS sector has been and continues to be an attractive place to invest capital.