While it’s inevitable that another basin snatches a ray of limelight from the Permian Basin from time to time, probably no one expected a rare run on Utah’s Uinta Basin, where M&A has suddenly been heating up.
At the time of the transaction’s announcement in February, Crescent Energy had said total cash consideration for the Uinta Basin assets in Utah previously owned by EP Energy was approximately $815 million.
The numbers and values of whole-company and minority-stake deals and asset transactions in the oil and gas industry decreased year over year in February. Twenty-one asset transactions were announced in the month, compared to 29 in the year-ago period, according to S&P Global Market Intelligence data. Their aggregate value plunged from $8.30 billion to about .