M&A deal values decline in 2001, study says

The value of global energy merger and acquisition transactions was $243.5 billion last year, down 8% from 2000, according to consulting company John S. Herold Inc., Norwalk, Conn. Click here to enlarge imageHerold attributed the decline to a 24% drop in upstream global M&A transactions. They were $81.5 billion in 2001.The consultant said US implied reserve value hit a record of $6.99/boe. Canadian implied reserve value also hit a record of $6.55/boe."North American implied reserve values climbed with commodity prices through 2000 and into 2001, but continued to remain elevated despite falling oil and gas prices later in the year," said Christopher Sheehan, Herold senior vice-president. "...

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