PLS: Global Upstream M&A Activity Totaled $170B In 2011
January 5, 2012
Global M&A activity for upstream oil and gas deals in 2011 totaled $170 billion in 726 deals, according to Houston-based PLS Inc. in conjunction with international partner Derrick Petroleum Services.
The data was collected by PLS’ Global M&A Transactions Database and includes all upstream oil and gas deals with values disclosed.
Total deal value in 2011 dropped 19% from 2010 record levels, yet the number of deals increased 15% to a record of 726, according to PLS president Ronyld W. Wise.
“The relative strength of WTI and Brent oil ...
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