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Gap Between Buyers And Sellers Stalls Deals

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By Darren Barbee, Hart Energy
April 14, 2014

HOUSTON—The acquisitions and divestitures (A&D) market is saturated with companies; acreage is sitting still; and the capital for companies to keep growing will be tough to find with many exploration and production (E&P) companies outspending cash flow.

Welcome to a buyers’ market.

In the first quarter 2014, North America remained the most targeted region for energy, mining and utilities deals with $29.3 billion compared to $50.6 billion in the first quarter of 2013, according to Mergermarket.

However, the broader 40% decline in value is another indicator that many U.S. oil ...

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