According to a recent report from Drilling Info, 2Q 2018 activity was low with only $8.7 billion in mergers and acquisitions compared to the quarterly average since 2009 of $17.8 billion.

Drilling Info believes this was partially due to investors’ incessant cry for positive cash flow, forcing many companies to become pure-play to achieve this outcome. E&P company’s divestments now total over $50 billion, according to the report.

Source: Drilling Info

The highest deal value and latest merger of 2Q 2018 was Ascent Resources acquisiti...

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