With oil prices near three-year highs, 2018 may be the long-awaited year for a jump in M&A deals according to attorneys Gibson Dunn. The firm recently hosted a webcast that focused on the state of M&A in the oil and gas business.

When oil prices dove in late 2014 and throughout 2015, many analysts predicted the downturn would bring with it a significant jump in M&A in the oilfield, as companies that could secure financing would be able to find assets at bargain prices.

This was not immediately the case, however, and there were...

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