Dealmaking in the U.S. oil and gas industry in the third quarter of 2021 fell from a two-year high in the previous quarter, according to data analytics firm Enverus on Tuesday, as the industry cools from post-pandemic consolidations and focuses on selling off non-core assets.
Mergers and acquisitions (M&A) activity in the July-September quarter totaled $18.5 billion, down 44 percent from the second quarter, even as it beat the five-year quarterly average M&A value.
