Article: $21 Billion of Oil and Gas Deals Announced Third Quarter 2009.

PLS, Inc. and Derrick Petroleum Services Report U.S. and Canada E&P Deal Momentum Increasing

HOUSTON, Oct. 1 /PRNewswire/ -- PLS, Inc. ("PLS") in conjunction with its international partner Derrick Petroleum Services ("Derrick") reports that Global M&A activity for the 3rd Quarter 2009 totaled nearly $21 billion in 112 separate transactions. According to Brian Lidsky, Managing Director of Research at PLS, Inc., "Oil and gas deal volume increased markedly beginning in late August 2009 due to a confluence of events. These include: 1) a growing consensus that the economy bottomed in the 2nd quarter 2009 and a recovery is under way, 2) price stability of oil in the ...

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