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Article: $21 Billion of Oil and Gas Deals Announced Third Quarter 2009.
- Article from:
- PR Newswire
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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