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Reuters

Reuters

US energy deals drop in Q3 to $12 billion after year-long frenzy

Reuters
Summary
Nutrition label

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 .

VR Score

91

Informative language

98

Neutral language

60

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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