Oil and Gas Companies Didn't Merge in 2013 Like They Used To
This segment is from Tuesday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
Spending by oil and natural gas producers to acquire other companies took a nose dive in 2013. The Bakken led the United States' basins with just $8.8 billion in deals, largely consisting of Devon Energy's $6 billion purchase of GeoSouthern Energy's assets. Does this mean that leading shale producers like Continental Resources , EOG Resources and Pioneer Natural Resources are happy with their current positions? View our take in the video clip below.
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Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of EOG Resources. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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