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CDT Roundup: 16 Deals, 13 Law Firms, 183 Texas Lawyers, $17.3B

Observers have long said that the oil and gas industry needs to consolidate, given the number of players and investors’ push for companies to generate free-cash flow and higher dividends and stock buybacks.

This week they got their wish, at least in the oil and gas exploration and production segment, with three different $1 billion-plus deals being announced. Speakers at Deloitte’s oil and gas industry conference in Houston last week said to expect more.

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