The value of U.S. mergers and acquisitions deals plunged to a 10-year low in the first quarter of 2019, Drillinginfo reveals. The value of U.S. mergers and acquisitions (M&A) deals took a dive in the first quarter of 2019. The $1.6 billion in 1Q 2019 deals is a record 10-year low and down 91 percent from 4Q 2018, according to data released today from Drillinginfo. This comes after deal value set a four-year record high in 2018 of $82 billion . “The market for upstream deals came to a halt in late 2018 with the combined pullback in oil prices and equities,” Drillinginfo M&A analyst Andrew Dittmar said in a statement emailed to Rigzone. “Since then, oil has rebounded by 20 percent and E&P stocks are up 15 percent, albeit with nearly all those stock price gains taking place in early January. However, deals haven’t returned in a meaningful […]