U.S. Oil M&A Slows
This is a news story, published by Yahoo Finance, that relates primarily to Devon Energy news.
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biggest buyersReuters
•US energy deals drop in Q3 to $12 billion after year-long frenzy
80% Informative
There were $12 billion worth of deals disclosed in the quarter ended Sept. 30 , the lowest total in six quarters .
"Upstream M&A was bound to drop" after 2023 's record $192 billion in deals, analyst says.
Two biggest deals in quarter were outside the Permian basin in secondary shale fields.
Devon Energy added to its North Dakota holdings with a $5 billion deal for Grayson Mill Energy .
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