CDT Roundup: 15 Deals, 13 Firms, 135 Lawyers, $3.82B

An interesting insight came out about the oil and gas industry last week from Wood Mackenzie: That oil and gas companies are relying more and more on deal-making to fill their portfolios than traditional exploration.

The firm’s study found that 46% of new oil and gas resources came from mergers and acquisitions over the last three years, versus only 37% between 2005 and 2014. However, at the same time, global M&A activity has declined since 2014, mostly steeply this year, the firm said.