BDO & PitchBook: Natural Resources M&A Report

July 2019

NR_Pitchbook_report_2019_pic-x675.jpg Download PDF Version


After a Drought, A Flood of Capital and Deal Activity on the Horizon for Oil & Gas

Since 2014, oil and gas companies—particularly those upstream—have had to reorient their organizations to operate in a low-price environment.
 
In order to compete, they’ve gotten better at doing more with less, and streamlining their value proposition. While technological advancements like horizontal drilling and hydraulic fracturing have unleashed a revolution catapulting the U.S. up the ranks as a global producer, it was made possible largely by the availability of capital and debt financing from both banks and equity sales. Due to the tighter margins and uncertain returns in a more volatile price environment, those same investors and private equity firms have been more reticent to spend in the sector...

 

READ THE COMPLETE REPORT ON BDO.COM