The report below presents you with a good overview on the third Quarter M&A activity in the Energy Industry Sector. M&A activity for North American based target companies in the Energy sector for Q2 2018 included 63 closed deals, according to data published by industry data tracker FactSet.
One of the notable middle market transactions was announced in April when Triple Crown Resources, LLC acquired Permian Oil & Gas Assets from Broad Oak Energy II, LLC for US$400 million. The acquisition would expand Triple Crown Resources’ oil and gas asset portfolio. The Permian Oil & Gas Assets are located in Irion County, Texas.
The price of oil fluctuated in the second quarter driven, in part, by OPEC production rates.
- The average US retail price for diesel and regular gas rose 30% and 25.8%, respectively, in the week ending July 16, 2018, compared to the same week in 2017.
- The spot price of crude oil rose 64.0% in the week ending July 6, 2018, compared to the same week in 2017.
Posted by Roy Graham.