Bigger Is Better Merger Trend Continues With Cimarex/Cabot Deal forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Oil & Gas Boom 2021: Strong Prices, Record Revenues, Another Big Merger
The domestic oil and gas boom of 2021 continues into May, driven by strong crude oil prices that most analysts think will get stronger, recovering global demand, and by fiscal discipline being practiced by the big shale producers. This combination of factors holds the promise of a big, record-setting year for the U.S. oil and gas sector.
How big could it become? International business intelligence firm Rystad Energy projects it could be the biggest year yet for U.S. shale. The firm issued a report this week projecting that the sector’s aggregated pre-hedging revenues could reach a record $195 billion during 2021, surpassing the previous record of $191 billion set during the previous big boom in 2019.
Oil & Gas Boom 2021: Strong Prices, Record Revenues, Another Big Merger forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.