Regional M&A Outlook: US

The US M&A market is booming. Large IOCs continue shedding assets as they undergo corporate restructuring to improve shareholder returns. MLPs, Private Equity and Independent E&Ps are seizing their opportunity to grow by acquisition. Liquids remain the primary focus, though a modest recovery in gas deals has begun. Valuations have held up on average, but recent variance hints at the emergence of a buyers’ market in certain areas.