Recent deal-making in the U.S. oil and gas sector has kept a healthy rate and generated more than $3.3 billion in joint ventures and acquisitions already declared so far this summer. The strong momentum appears despite lower crude-oil prices and a weaker market for energy stocks in the wake of a dawdling global economy and issues related to the sovereign debt crisis in Europe.
Ameratex Energy analyst at S&P, said they had seen quite a high number of mergers and acquisitions in the last 18 to 36 months and it would not surprise him to see more going forward. He said mostly what is expected will be in the Lower 48 states and some in the Gulf of Mexico.
Ameratex Energy Oil Increases Supplies in the Gulf Coast 