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Midstream Drives Second-Quarter Deal Values

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By Mike Madere
July 26, 2012

During the past two years, M&A deal value in the U.S. oil and gas industry has mostly been driven by shale transactions in the upstream sector. But during the second quarter of 2012, that trend dissolved as midstream deals sizzled, according to a report by PwC US.

Midstream gathering and processing deals accounted for $15.8 billion, or about 55% of total domestic deal value, in the second quarter of 2012.  When compared with the same period last year, midstream deals increased by 200%, according to the PwC report, which was ...

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