Since recovering from the demand shock wrought by the pandemic, upstream energy M&A is suddenly “red hot,” according to Andrew Dittmar, a director at Enverus. With oil sitting at prices unseen since 2014, both value and mood is ripe for vigorous dealing in Q4, particularly among those holding smaller assets. Think consolidation. Details are in this week’s CDT Roundup.
CDT Roundup: 20 Deals, 16 Firms, 175 Lawyers, $8.6B
Oil pricing hit a high unseen in nearly seven years, and energy deals seemed suddenly a thing again. It may be a passing moment, but one worth noting in this week’s CDT Roundup.
CDT Roundup: 14 Deals, 11 Firms, 137 Lawyers, $6.25B
In a deal that received some notice in October 2019, Houston’s Kraton Corp. sold off one of its signature polymer businesses, Cariflex, to a Korean concern. This week, Kraton itself was acquired by that same Korean industrial company in the Corporate Deal Tracker Deal of the Week.