US oil, gas asset sales lighter in 3Q

US oil and gas property sales during the third quarter of 1999 reached $1.2 billion, bringing the total for the first 9 months to $44.4 billion in 202 transactions, according to Randall & Dewey Inc., Houston. This was among the conclusions of the firm's quarterly review of selected worldwide merger, acquisition, and divestment (MA&D) activity, based on deals announced during the first three quarters of 1999.The reduction in the number of announced transactions was "sizeable" when weighed against those disclosed during the second quarter, says Randall & Dewey, "notably due to the lack of megamerger announcements."Randall & Dewey also noted a decline in the number of deals worth more th...

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