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Oil & Gas Mergers and Acquisitions Report – Year-end 2012

Stable oil prices support a healthy deal market


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The oil and gas industry continued to demonstrate strong merger and acquisition activity in 2012, driven by one large international transaction and continuing activity in unconventional and deepwater oil and gas resources. In spite of depressed natural gas prices in North America, the opportunities in oil and natural gas liquids created a healthy investment environment. Much of the new investment came from outside the region, from national oil companies and other international buyers. Oil prices were relatively stable during 2012, held back by the economic slowdown in Europe and the sluggish nature of the U.S. recovery, among other factors. Political uncertainty over the direction of tax and fiscal policy in Washington may have had a negative impact on the deal market during 2012. The total 2012 value of global energy deals reached $321.5 billion, compared to $300.6 billion in 2011, despite a drop in the number of deals from 698 to 576.

Deloitte has prepared the Oil & Gas Mergers and Acquisitions Report – Year-end 2012: Stable oil prices support a healthy deal market; which covers deals from the past 12 months by sector. The report also discusses:

  • Continued global interest in North American unconventional plays
  • The midstream sector’s response to growing U.S. infrastructure needs
  • Declining rig count and the falloff in U.S. transaction activity
  • Independent companies now comprising the majority of the U.S. downstream sector

This report reveals the insights of Deloitte M&A specialists on what is driving activity and what this says about how the business is changing.

As used in this document, ‘Deloitte’ means Deloitte LLP (and its subsidiaries). Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

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