Barry Brunsman, Scott Sanderson, Mark Van De Voorde
Deloitte & Touche Consulting Group Chicago
Mergers and acquisitions (M&A) have long been a part of the oil and gas industry.
For the most part, however, mergers have been asset plays-acquisitions of properties or infrastructure to "round out" a portfolio.
In these cases, post-merger integration-the formation of the new company after a deal is closed-became an exercise of assimilating the acquired property or company. The integration effort-measured in time or resource requirements-was not significant.
Recent deals, however, are quite different from past asset plays. Megadeals such as Halliburton Co./Dresser Industries Inc., N...