Oil and gas holding steady despite M&A slump

Despite the negative numbers coming out about mergers and acquisitions activity, there’s one sector that’s holding surprisingly steady: U.S. oil and gas.

According to an Oct. 2 report by Austin-based Enverus (the new name for Drillinginfo), U.S. oil and gas M&A surpassed $17 billion in the third quarter, maintaining the momentum established in the second quarter.

The data provider said the quarterly total approaches the 2016-18 quarterly average of $19 billion and puts year-to-date M&A at more…


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