How fluctuating oil prices drive mergers in the oil and gas industry

Posted on Tuesday, September 1st, 2015 at 6:49 pm    

In a report published by Bloomberg Business late last month, Danish business conglomerate A.P. Moeller-Maersk A/S is eyeing for acquisitions in the North Sea to expand reserves, given that mergers and acquisitions are more cost-efficient nowadays than exploration.

Fluctuating oil prices is the primary reason why oil and natural gas players see takeovers as a better option than expensive explorations. Among the first to bulk up in the U.S. are Houston-based Noble Energy and Rosetta Resources in a buyout worth $2.1 billion. At the start of this year, Hillcrest Resources Ltd. has announced its purchase of Texas-based Gulfsands Petroleum USA. Late last year, Encana Corp. has announced its intent to purchase Athlon Energy in a multi-billion dollar deal.

In today’s volatile energy market, it would be a wise move for mineral rights owners to sell their mineral rights upfront to free themselves from the risks caused by the sector’s ever-changing landscape. To know more about getting the best value out of your mineral rights, seek the help of our team of mineral rights brokers at The Mineral Auction by calling (512) 698-2802 today.

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