US upstream deal value came in at
$11.4 billion in Q3, down 40% from the
$20.1 billion in upstream deals during
Q2 and far below the high-water mark
of $25.5 billion during Q1. Driving the
decline was a remarkable slowdown in
Permian dealmaking, where the total
value transacted slid to just $1.3 billion.
That is the lowest total seen in the
Permian since 1H15 and is down 90%
from the $18.4 billion that transacted
during the peak of the Permian
boom during Q1.
Instead, the STACK surged......
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