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$200 Billion of M&A Wasn t Enough in US Oil Patch bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
The industry consolidated over the last decade in part thanks to moderating oil prices. There are still too many energy companies chasing too little capital
Diamondback Energy borrowed $5.5 billion in the U.S. investment-grade market to partly help fund its $26 billion takeover of Endeavor Energy Resources.