Text Size:
A | A

A&D Transactions Slowed Down In 2013

Text Size: A | A
By Darren Barbee, Hart Energy
April 2, 2014

By the end of 2012, it was clear A&D activity had delivered a blockbuster, with estimates that North America had raked in roughly $120 billion. Then came the sequel, and while no one expected another monster year, 2013 handed in a shaky $41 billion performance. “It was something just short of a flop,” said Bill Marko, managing director of Jefferies & Co.

Transaction value was down two-thirds from 2012 to 2013. From 2009 to 2012, A&D transactions averaged $100 billion before skidding to a halt in 2013, Marko said.

Several ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription