February 21, 2024 – OilPrice
U.S. Oil and Gas Merger Mania Extends to the Midstream
By Tsvetana Paraskova
According to analytics firm RBN Energy, after the frenetic build-out of pipeline infrastructure in the past decade to accommodate soaring U.S. oil and gas production, many public pipeline operators are now looking to boost scale and scope, while private-equity-backed firms are looking to cash in.
“Now, with many publicly held companies looking to gain further scale and scope — and many private-equity-backed midstream companies looking to cash in on their well-timed, well-planned developments or combine with other privately held firms to improve their synergies (and maybe make themselves even more attractive M&A targets in the future) — it could be argued that conditions for large-scale midstream M&A have never been better,” RBN Energy analysts wrote in October.
Read the full article here: https://oilprice.com/Energy/Energy-General/US-Oil-and-Gas-Merger-Mania-Extends-to-the-Midstream.html
