Corinna Mah

Aug 6, 2024 | enverus.com | David Cohen |Joseph Gyure |Kevin Kang |Corinna Mah

Q2 saw $30.2 billion of U.S. upstream deal activity, according to Enverus M&A Analytics, led by a $22.5 billion public company combination that continued a remarkable wave of E&P consolidation and highlighted the trend’s expansion beyond the Permian core. While both ConocoPhillips and Marathon Oil are active in the Delaware Basin, their transaction opens considerably more running room for Conoco elsewhere, particularly in the Eagle Ford.