The long-awaited consolidation in the US shale patch is well underway, with several high-profile multi-billion-dollar deals announced in the span of just a few weeks.
Analysts say that the mergers and acquisitions (M&A) frenzy was inevitable; smaller oil firms with manageable debts are trying to survive the pandemic-driven industry downturn, and bigger players are looking to add top-quality assets to their portfolios.
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