First-half US oil, gas asset sales a record

Sales of US oil and gas properties during second quarter 1999 reached $28.2 billion with 148 transactions, bringing the first-half total to a record $43.2 billion, according to Randall and Dewey Inc., Houston. That's the key finding from a recent review of selected global merger, acquisition, and divestment (MA and D) activity, based on transactions announced in first-half 1999 (Fig. 1).

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