US Oil and Gas Upstream M&A Drops 28% in Q3 Amid Low Crude Prices

Lower crude prices contributed to a significant decline in US upstream mergers and acquisitions activity in the third quarter.

Summary

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Terms & Concepts
  • Upstream: The segment of the oil and gas industry involved in exploration and production of crude oil and natural gas.
  • M&A (Mergers and Acquisitions): The process of companies combining through mergers or one company purchasing another to achieve business growth or consolidation.
  • Crude Prices: The market price for unrefined petroleum, influencing profitability and investment activity in the energy sector.