Mergers and acquisitions in the Niobrara shale play in Colorado and Wyoming have reached a value of $432 million according to the Northern Colorado Business Report.
This is a drastic increase from the $108 million of deal value from the same time period last year.
Steve Lynn reports:
“The first three months of 2014 set the stage for the strongest second quarter of oil and gas deal activity that we’ve seen in the last five years,” said Doug Meier, PwC’s US energy sector deals leader. “Over the past three months, we continued to see companies looking to realign their portfolios and divest non-core assets, which provided opportunities for acquirers with cash and access to capital.”