CDT Roundup: 12 Deals, 11 Law Firms, 94 Texas Lawyers, $6.87B

As dealmakers know, M&A activity has been down across the board so far this year – 17% by value globally by one measure. But the energy industry seems to have been among the hardest hit.

According to Drillinginfo, the value of U.S. oil and gas mergers and acquisitions in the first quarter of 2019 reached only $1.6 billion, a 91% drop over the fourth quarter of 2018 and a 93% slide from the first quarter of 2018. The 10-year quarterly low followed the $82 billion in deals for all of 2018 that set a four-year record high.