Oil and gas M&A in Colorado may struggle to top 2021

Oil and gas M&A in Colorado may struggle to top 2021
·3 min read

Denver’s oil and natural gas production companies appear unlikely this year to rival the value of the M&A deals struck in 2021, thanks to fewer players remaining to pull off deals. Rising oil and natural gas prices as the economy recovered from the initial shock of the Covid-19 pandemic helped unleash a series of mergers, company acquisitions and asset sales by Denver-based companies in 2021 worth more than $20.7 billion. Most of that value came in three deals in which Denver-based companies sold oil wells and acreage in Texas for a combined $16.5 billion.

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