M&A reserves values up as company sales dominate

04/10/2006
Reserves values in US and Canadian oil and gas transactions continue to grow, with the weighted average implied value reaching $18/boe during the first quarter of 2006, said John S. Herold Inc. and Harrison Lovegrove & Co. Ltd. in a report on mergers and acquisitions (M&A).Worldwide transaction values for upstream corporate and asset deals totaled more than $160 billion last year, compared with over $68 billion during 2004. Expenditures on corporate acquisitions alone during 2005 amounted to $120 billion, the consultants said in a preview of their 2006 Global Upstream M&A Review. The report is expected to be released during April.Among the deals announced last year, ConocoPhil...
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