Dollar volume of upstream M&As drops — but still higher than average, Enverus says

“We have seen a red-hot market for upstream M&A since the industry recovered its footing from the initial shock of Covid-19,” said Andrew Dittmar, an M&A analyst at Enverus. “It was inevitable that the hungriest buyers and sellers would find their deals and activity would revert back toward the average. We seem to be hitting that inflection point.”

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