2015: M&A MAXIMUM
Mergers and acquisitions (M&A) in the oil and gas industry hit 10-year highs in terms of deal value and volume in 2014, according to a report from PwC US. The record breaking year was primarily driven by a significant level of deals valued at more than $1 billion, especially in the second half .
Given US light, sweet crude oil prices at less than $50/bbl on the New York market in late January, Doug Meier of PwC said debt levels could drive additional deal activity this year. Leveraged companies will look to strengthen balance sheets, said Meier, PwC's US energy sector deals leader.
In total, 252 oil and gas…
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