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US: $73bn quarter sets new oil and gas mergers record

By  |  April 26, 2017

The first quarter of 2017 set a record with $73 billion in announced US oil and gas mergers and acquisitions, nearly triple the same period last year, according to a recent report from the London consulting firm PricewaterhouseCoopers.

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    More companies also prepared last quarter to go public, signaling a potential increase in initial public offerings this quarter.

    Companies announced deals worth $49 billion in January alone — far and away the highest total of any first quarter since 2010, Doug Meier, the firm’s US oil and gas deals leader, said.

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